Investing.com - Exela Tech reported on Monday third quarter earnings that missed analysts' forecasts and revenue that fell short of expectations.
Exela Tech announced earnings per share of $-1.3800 on revenue of $264.04M. Analysts polled by Investing.com anticipated EPS of $-0.5872 on revenue of $283.36M.
Exela Tech shares are down 30% from the beginning of the year , still down 98.82% from its 52 week high of $34.40 set on Monday, November 15, 2021.
Exela Tech follows other major Information Technology sector earnings this month
Exela Tech'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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