Investing.com - Charles&Colvard reported on Thursday first quarter earnings that beat analysts' forecasts and revenue that topped expectations.
Charles&Colvard announced earnings per share of $0.00 on revenue of $9.3M. Analysts polled by Investing.com anticipated EPS of $-0.01 on revenue of $7.9M.
Charles&Colvard shares are down 57% from the beginning of the year , still down 64.37% from its 52 week high of $3.48 set on Monday, November 8, 2021. They are under-performing the Nasdaq which is down 24.67% year to date.
Charles&Colvard follows other major Consumer Discretionary sector earnings this month
Charles&Colvard's report follows an earnings beat by Home Depot on Tuesday, August 16, 2022, who reported EPS of $5.05 on revenue of $43.79B, compared to forecasts EPS of $4.95 on revenue of $43.36B.
Alibaba ADR had beat expectations on Thursday, August 4, 2022 with second quarter EPS of $11.73 on revenue of $205.56B, compared to forecast for EPS of $10.7 on revenue of $203.47B.
Stay up-to-date on all of the upcoming earnings reports by visiting Investing.com's earnings calendar