Investing.com - Hundsun Tech reported on Thursday third quarter earnings that missed analysts' forecasts and revenue that fell short of expectations.
Hundsun Tech announced earnings per share of ¥0.09 on revenue of ¥1.35. Analysts polled by Investing.com anticipated EPS of ¥0.13 on revenue of ¥1.38B.
Hundsun Tech shares are down 11.7% from the beginning of the year, still down 25.37% from its 52 week high of ¥50.08 set on November 5, 2021.
Hundsun Tech shares gained 10.01% in intra-day trade following the report.
Hundsun Tech follows other major Information Technology sector earnings this month
Hundsun Tech'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.
Zhejiang Jingsheng Mech Electric had beat expectations on Tuesday with third quarter EPS of ¥0.62 on revenue of ¥3.09B, compared to forecast for EPS of ¥0.5751 on revenue of ¥2.83B.
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