Investing.com - Ma’aden reported on Wednesday second quarter earnings that beat analysts' forecasts and revenue that topped expectations.
Ma’aden announced earnings per share of ﷼1.64 on revenue of ﷼11.88B. Analysts polled by Investing.com anticipated EPS of ﷼0.9281 on revenue of ﷼9.53B.
Ma’aden shares are up 11% from the beginning of the year , still down 8.84% from its 52 week high of ﷼80.30 set on Monday, August 29, 2022. They are outperforming the Tadawul All Share which is up 7.61% year to date.
Ma’aden follows other major Materials sector earnings this month
Ma’aden's report follows an earnings missed by SABIC on Tuesday, August 9, 2022, who reported EPS of ﷼2.58 on revenue of ﷼55.99B, compared to forecasts EPS of ﷼2.64 on revenue of ﷼55.99B.
SABIC AgriNutrients had beat expectations on Thursday, August 4, 2022 with second quarter EPS of ﷼6.35 on revenue of ﷼5.7B, compared to forecast for EPS of ﷼6.15 on revenue of ﷼5.7B.
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