Investing.com - Aspen reported on Friday first quarter earnings that missed analysts' forecasts and revenue that fell short of expectations.
Aspen announced earnings per share of $1.13 on revenue of $238.9M. Analysts polled by Investing.com anticipated EPS of $2.11 on revenue of $253.88M.
Aspen shares are down 57% from the beginning of the year , still down 9.36% from its 52 week high of $229.60 set on Thursday, August 18, 2022. They are under-performing the Nasdaq which is down 24.67% year to date.
Aspen follows other major Information Technology sector earnings this month
Aspen's report follows an earnings beat by NVIDIA on Wednesday, August 24, 2022, who reported EPS of $0.51 on revenue of $6.7B, compared to forecasts EPS of $0.4991 on revenue of $6.7B.
Broadcom had beat expectations on Thursday with third quarter EPS of $9.73 on revenue of $8.46B, compared to forecast for EPS of $9.56 on revenue of $8.41B.
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