Investing.com - China Garments A reported on Tuesday third quarter earnings that missed analysts' forecasts and revenue that fell short of expectations.
China Garments A announced earnings per share of ¥0.22 on revenue of ¥2.66. Analysts polled by Investing.com anticipated EPS of ¥0.93 on revenue of ¥11,802M.
China Garments A shares are down 16% from the beginning of the year, still down 37.02% from its 52 week high of ¥19.91 set on April 8.
China Garments A shares lost 1.96% in intra-day trade following the report.
China Garments A follows other major Materials sector earnings this month
China Garments A'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.
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