Investing.com - China Northern Rare Earth Hi-Tech reported on Friday third quarter earnings that missed analysts' forecasts and revenue that fell short of expectations.
China Northern Rare Earth Hi-Tech announced earnings per share of ¥0.42 on revenue of ¥7.87. Analysts polled by Investing.com anticipated EPS of ¥0.56 on revenue of ¥11.76B.
China Northern Rare Earth Hi-Tech shares are down 45.98% from the beginning of the year and are trading at ¥26.23 , down-from-52-week-high.
China Northern Rare Earth Hi-Tech shares lost 1.69% in intra-day trade the report.
China Northern Rare Earth Hi-Tech follows other major Materials sector earnings this month
China Northern Rare Earth Hi-Tech's report follows an earnings beat by Shanghai Putailai New Energy on October 15, who reported EPS of ¥0.63 on revenue of ¥4.52B, compared to forecasts EPS of ¥0.5567 on revenue of ¥4.39B.
Xinxiang Richful Lube had beat expectations on Wednesday with third quarter EPS of ¥1.45 on revenue of ¥1.02B, compared to forecast for EPS of ¥0.576 on revenue of ¥341.5M.
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