Investing.com - Cango reported on Tuesday third quarter earnings that missed analysts' forecasts and revenue that fell short of expectations.
Cango announced earnings per share of ¥-0.810 on revenue of ¥416.45M. Analysts polled by Investing.com anticipated EPS of ¥0.450 on revenue of ¥1.2B.
Cango shares are down 33.26% from the beginning of the year and are trading at ¥1.520 , down-from-52-week-high.
Cango follows other major Consumer Discretionary sector earnings this month
Cango's report follows an earnings beat by Home Depot on Tuesday, November 15, 2022, who reported EPS of ¥4.24 on revenue of ¥38.9B, compared to forecasts EPS of ¥4.12 on revenue of ¥37.92B.
Toyota Motor ADR had missed expectations on Tuesday, November 1, 2022 with second quarter EPS of ¥2.14 on revenue of ¥62.24B, compared to forecast for EPS of ¥3.5 on revenue of ¥62.38B.
Stay up-to-date on all of the upcoming earnings reports by visiting Investing.com's earnings calendar