Investing.com – CNFinance reported on Tuesday third quarter that missed analysts’ forecasts and revenue that fell short of expectations.
CNFinance announced earnings per share of ¥0.010 on revenue of ¥422.2M. Analysts polled by Investing.com anticipated EPS of ¥0.030 on revenue of ¥486.47M.
CNFinance shares are down 47.3% from the beginning of the year and are trading at ¥2.150 , down-from-52-week-high.
CNFinance follows other major Financial sector earnings this month
CNFinance’s report follows an earnings missed by Berkshire Hathaway A on Saturday, November 5, 2022, who reported EPS of ¥-1,832 on revenue of ¥76.9B, compared to forecasts EPS of ¥4,518.39 on revenue of ¥74.9B.
HSBC ADR had missed expectations on Tuesday, October 25, 2022 with third quarter EPS of ¥0.5 on revenue of ¥14.3B, compared to forecast for EPS of ¥1.03 on revenue of ¥12.99B.
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