Ma’aden earnings, Revenue beat in Q2

  • Investing.com
Ma’aden earnings, Revenue beat in Q2
Credit: © Reuters.

Investing.com - Ma’aden reported on Wednesday second quarter earnings that beat analysts' forecasts and revenue that topped expectations.

Ma’aden announced earnings per share of ﷼1.64 on revenue of ﷼11.88B. Analysts polled by Investing.com anticipated EPS of ﷼0.9281 on revenue of ﷼9.53B.

Ma’aden shares are up 11% from the beginning of the year and are trading at ﷼73.20 , down-from-52-week-high.They are outperforming the Tadawul All Share which is up 7.61% year to date.

Ma’aden follows other major Materials sector earnings this month

Ma’aden's report follows an earnings missed by SABIC on Tuesday, August 9, 2022, who reported EPS of ﷼2.58 on revenue of ﷼55.99B, compared to forecasts EPS of ﷼2.64 on revenue of ﷼55.99B.

SABIC AgriNutrients had beat expectations on Thursday, August 4, 2022 with second quarter EPS of ﷼6.35 on revenue of ﷼5.7B, compared to forecast for EPS of ﷼6.15 on revenue of ﷼5.7B.

Stay up-to-date on all of the upcoming earnings reports by visiting Investing.com's earnings calendar

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