Investing.com - Zhejiang Jiecang Linear Motion Technology Co reported on Wednesday third quarter earnings that beat analysts' forecasts and revenue that fell short of expectations.
Zhejiang Jiecang Linear Motion Technology Co announced earnings per share of ¥0.25 on revenue of ¥694.00. Analysts polled by Investing.com anticipated EPS of ¥0.19 on revenue of ¥1.06B.
Zhejiang Jiecang Linear Motion Technology Co shares are down 33% from the beginning of the year, still down 56.33% from its 52 week high of ¥60.00 set on November 16, 2021.
Zhejiang Jiecang Linear Motion Technology Co follows other major Information Technology sector earnings this month
Zhejiang Jiecang Linear Motion Technology Co'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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