Investing.com - Tongwei Co Ltd reported on Wednesday third quarter earnings that beat analysts' forecasts and revenue that topped expectations.
Tongwei Co Ltd announced earnings per share of ¥1.86 on revenue of ¥41.74. Analysts polled by Investing.com anticipated EPS of ¥1.69 on revenue of ¥32.27B.
Tongwei Co Ltd shares are up 78% from the beginning of the year , still down 29.94% from its 52 week high of ¥67.86 set on Tuesday, July 5, 2022.
Tongwei Co Ltd shares gained 0.36% in intra-day trade the report.
Tongwei Co Ltd follows other major Consumer Staples sector earnings this month
Tongwei Co Ltd's report follows an earnings missed by Kweichow Moutai on Monday, October 17, 2022, who reported EPS of ¥11.63 on revenue of ¥30.34B, compared to forecasts EPS of ¥12.13 on revenue of ¥31.69B.
Guangdong Wens Foodstuff had beat expectations on Wednesday with third quarter EPS of ¥0.61 on revenue of ¥24.33B, compared to forecast for EPS of ¥0.2517 on revenue of ¥19.5B.
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