Investing.com - Cyxtera Technologies reported on Tuesday third quarter earnings that missed analysts' forecasts and revenue that fell short of expectations.
Cyxtera Technologies announced earnings per share of $-0.310 on revenue of $186.6M. Analysts polled by Investing.com anticipated EPS of $-0.208 on revenue of $187.2M.
Cyxtera Technologies shares are down 35% from the beginning of the year , still down 85.34% from its 52 week high of $15.42 set on Monday, June 6, 2022.
Cyxtera Technologies shares lost 2.16% in intra-day trade the report.
Cyxtera Technologies follows other major Information Technology sector earnings this month
Cyxtera Technologies'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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