Investing.com - Foshan Haitian Food reported on Thursday third quarter earnings that missed analysts' forecasts and revenue that fell short of expectations.
Foshan Haitian Food announced earnings per share of ¥0.28 on revenue of ¥5.56. Analysts polled by Investing.com anticipated EPS of ¥0.36 on revenue of ¥6.78B.
Foshan Haitian Food shares are down 16.97% from the beginning of the year, still down 37.25% from its 52 week high of ¥102.81 set on November 4, 2021.
Foshan Haitian Food shares lost 4.95% in intra-day trade following the report.
Foshan Haitian Food follows other major Consumer Staples sector earnings this month
Foshan Haitian Food's report follows an earnings missed by Kweichow Moutai on October 17, who reported EPS of ¥11.63 on revenue of ¥30.34B, compared to forecasts EPS of ¥12.13 on revenue of ¥31.69B.
Tongwei Co Ltd had beat expectations on Wednesday with third quarter EPS of ¥1.86 on revenue of ¥41.74B, compared to forecast for EPS of ¥1.69 on revenue of ¥32.27B.
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