Investing.com - Digital Ally reported on Monday third quarter earnings that beat analysts' forecasts and revenue that fell short of expectations.
Digital Ally announced earnings per share of $-0.0400 on revenue of $8.48M. Analysts polled by Investing.com anticipated EPS of $-0.1150 on revenue of $12.37M.
Digital Ally shares are down 67% from the beginning of the year , still down 77.13% from its 52 week high of $1.60 set on Friday, November 19, 2021.
Digital Ally shares lost 0.41% in intra-day trade the report.
Digital Ally follows other major Information Technology sector earnings this month
Digital Ally'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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