Investing.com - Jl Mag Rare-Earth reported on Wednesday third quarter earnings that beat analysts' forecasts and revenue that topped expectations.
Jl Mag Rare-Earth announced earnings per share of ¥0.29 on revenue of ¥1.91. Analysts polled by Investing.com anticipated EPS of ¥0.25 on revenue of ¥1.87B.
Jl Mag Rare-Earth shares are down 33% from the beginning of the year , still down 41.55% from its 52 week high of ¥54.51 set on Friday, November 26, 2021.
Jl Mag Rare-Earth follows other major Industrials sector earnings this month
Jl Mag Rare-Earth's report follows an earnings beat by Amperex Tech A on Saturday, who reported EPS of ¥3.86 on revenue of ¥97.37B, compared to forecasts EPS of ¥3.52 on revenue of ¥72.2B.
Sungrow Power Supply had beat expectations on Thursday with third quarter EPS of ¥0.77 on revenue of ¥9.94B, compared to forecast for EPS of ¥0.5242 on revenue of ¥9.54B.
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