Investing.com - Sino Wealth Electronic Ltd reported on Saturday third quarter earnings that missed analysts' forecasts and revenue that fell short of expectations.
Sino Wealth Electronic Ltd announced earnings per share of ¥0.16 on revenue of ¥354.00. Analysts polled by Investing.com anticipated EPS of ¥0.27 on revenue of ¥569.07M.
Sino Wealth Electronic Ltd shares are down 54% from the beginning of the year and are trading at ¥35.40 , down-from-52-week-high.
Sino Wealth Electronic Ltd shares lost 2.02% in intra-day trade the report.
Sino Wealth Electronic Ltd follows other major Information Technology sector earnings this month
Sino Wealth Electronic Ltd's report follows an earnings beat by TCL Zhonghuan Renewable Energy Tech on Thursday, who reported EPS of ¥0.64 on revenue of ¥18.15B, compared to forecasts EPS of ¥0.5882 on revenue of ¥21.14B.
Stay up-to-date on all of the upcoming earnings reports by visiting Investing.com's earnings calendar