Investing.com - Longshine Tech reported on Tuesday third quarter earnings that missed analysts' forecasts and revenue that fell short of expectations.
Longshine Tech announced earnings per share of ¥0.09 on revenue of ¥994.60. Analysts polled by Investing.com anticipated EPS of ¥0.11 on revenue of ¥1.13B.
Longshine Tech shares are up 50% from the beginning of the year , still down 46.67% from its 52 week high of ¥42.40 set on Friday, December 17, 2021.
Longshine Tech shares lost 2.96% in intra-day trade the report.
Longshine Tech follows other major Information Technology sector earnings this month
Longshine Tech's report follows an earnings beat by TCL Zhonghuan Renewable Energy Tech on Thursday, who reported EPS of ¥0.64 on revenue of ¥18.15B, compared to forecasts EPS of ¥0.5882 on revenue of ¥21.14B.
Zhejiang Jingsheng Mech Electric had beat expectations on Tuesday with third quarter EPS of ¥0.62 on revenue of ¥3.09B, compared to forecast for EPS of ¥0.5751 on revenue of ¥2.83B.
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