Investing.com - Embark Technology reported on Tuesday third quarter earnings that missed analysts' forecasts and revenue that fell short of expectations.
Embark Technology announced earnings per share of $-1.530 on revenue of $0.00. Analysts polled by Investing.com anticipated EPS of $-0.085 on revenue of $200K.
Embark Technology shares are down 35% from the beginning of the year , still down 97.59% from its 52 week high of $209.80 set on Thursday, December 9, 2021.
Embark Technology shares lost 11.38% in intra-day trade the report.
Embark Technology follows other major Information Technology sector earnings this month
Embark Technology'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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