Investing.com - Hashicorp reported on Thursday third quarter earnings that beat analysts' forecasts and revenue that topped expectations.
Hashicorp announced earnings per share of $-0.17 on revenue of $113.9M. Analysts polled by Investing.com anticipated EPS of $-0.3098 on revenue of $102.29M.
Hashicorp shares are down 57% from the beginning of the year , still down 70.61% from its 52 week high of $102.95 set on Monday, December 27, 2021. They are under-performing the Nasdaq which is down 24.67% year to date.
Hashicorp follows other major Information Technology sector earnings this month
Hashicorp's report follows an earnings beat by NVIDIA on Wednesday, August 24, 2022, who reported EPS of $0.51 on revenue of $6.7B, compared to forecasts EPS of $0.4991 on revenue of $6.7B.
Broadcom had beat expectations on Thursday with third quarter EPS of $9.73 on revenue of $8.46B, compared to forecast for EPS of $9.56 on revenue of $8.41B.
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