Investing.com - Appian reported on Thursday third quarter earnings that missed analysts' forecasts and revenue that topped expectations.
Appian announced earnings per share of $-0.43 on revenue of $117.9M. Analysts polled by Investing.com anticipated EPS of $-0.23 on revenue of $116.16M.
Appian shares are up 18% from the beginning of the year , still down 54.77% from its 52 week high of $104.45 set on Thursday, November 4, 2021.
Appian shares lost 18.50% in after-hours trade the report.
Appian follows other major Information Technology sector earnings this month
Appian's report follows an earnings beat by Apple on Thursday, October 27, 2022, who reported EPS of $1.29 on revenue of $90.1B, compared to forecasts EPS of $1.26 on revenue of $88.76B.
Microsoft had beat expectations on Tuesday, October 25, 2022 with first quarter EPS of $2.35 on revenue of $50.1B, compared to forecast for EPS of $2.32 on revenue of $49.86B.
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