Investing.com - Jiangsu Hengli Hydraulic reported on Tuesday third quarter earnings that beat analysts' forecasts and revenue that fell short of expectations.
Jiangsu Hengli Hydraulic announced earnings per share of ¥0.53 on revenue of ¥2.03. Analysts polled by Investing.com anticipated EPS of ¥0.46 on revenue of ¥2.32B.
Jiangsu Hengli Hydraulic shares are up 50% from the beginning of the year , still down 38.31% from its 52 week high of ¥90.67 set on Monday, December 13, 2021.
Jiangsu Hengli Hydraulic shares gained 8.02% in intra-day trade the report.
Jiangsu Hengli Hydraulic follows other major Industrials sector earnings this month
Jiangsu Hengli Hydraulic'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.
Beijing Easpring Material Tech had beat expectations on Monday with third quarter EPS of ¥1.12 on revenue of ¥4.97B, compared to forecast for EPS of ¥0.8437 on revenue of ¥3.68B.
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