Investing.com - Sungrow Power Supply reported on Thursday third quarter earnings that beat analysts' forecasts and revenue that topped expectations.
Sungrow Power Supply announced earnings per share of ¥0.77 on revenue of ¥9.94. Analysts polled by Investing.com anticipated EPS of ¥0.52 on revenue of ¥9.54B.
Sungrow Power Supply shares are down 16.97% from the beginning of the year , still down 25.68% from its 52 week high of ¥178.98 set on Wednesday, October 27, 2021.
Sungrow Power Supply shares gained 0.24% in intra-day trade the report.
Sungrow Power Supply follows other major Industrials sector earnings this month
Sungrow Power Supply's report follows an earnings beat by Amperex Tech A on Saturday, who reported EPS of ¥3.86 on revenue of ¥97.37B, compared to forecasts EPS of ¥3.52 on revenue of ¥72.2B.
Shenzhen Inovance Tech had missed expectations on Thursday with third quarter EPS of ¥0.42 on revenue of ¥5.84B, compared to forecast for EPS of ¥0.4262 on revenue of ¥6.28B.
Stay up-to-date on all of the upcoming earnings reports by visiting Investing.com's earnings calendar