Investing.com - Xinxiang Richful Lube reported on Wednesday third quarter earnings that beat analysts' forecasts and revenue that topped expectations.
Xinxiang Richful Lube announced earnings per share of ¥1.45 on revenue of ¥1.02. Analysts polled by Investing.com anticipated EPS of ¥0.58 on revenue of ¥341.5M.
Xinxiang Richful Lube shares are up 82.22% from the beginning of the year and are trading at ¥145.50 , down-from-52-week-high.
Xinxiang Richful Lube shares gained 10.63% in intra-day trade the report.
Xinxiang Richful Lube follows other major Materials sector earnings this month
Xinxiang Richful Lube's report follows an earnings beat by Shanghai Putailai New Energy on Saturday, who reported EPS of ¥0.63 on revenue of ¥4.52B, compared to forecasts EPS of ¥0.5567 on revenue of ¥4.39B.
China Garments A had missed expectations on Tuesday with third quarter EPS of ¥0.22 on revenue of ¥2.66B, compared to forecast for EPS of ¥0.93 on revenue of ¥11,802M.
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