Investing.com - Shenzhen Sunway Communication reported on Thursday third quarter earnings that beat analysts' forecasts and revenue that topped expectations.
Shenzhen Sunway Communication announced earnings per share of ¥0.43 on revenue of ¥2.48. Analysts polled by Investing.com anticipated EPS of ¥0.28 on revenue of ¥2.36B.
Shenzhen Sunway Communication shares are down 16.97% from the beginning of the year and are trading at ¥16.71 , down-from-52-week-high.
Shenzhen Sunway Communication shares gained 9.00% in intra-day trade the report.
Shenzhen Sunway Communication follows other major Information Technology sector earnings this month
Shenzhen Sunway Communication's report follows an earnings beat by TCL Zhonghuan Renewable Energy Tech on October 20, who reported EPS of ¥0.64 on revenue of ¥18.15B, compared to forecasts EPS of ¥0.5882 on revenue of ¥21.14B.
Beijing Kingsoft Office had beat expectations on Thursday with third quarter EPS of ¥0.64 on revenue of ¥1.00B, compared to forecast for EPS of ¥0.625 on revenue of ¥987.97M.
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