Investing.com - iPower reported on Monday first quarter earnings that missed analysts' forecasts and revenue that topped expectations.
iPower announced earnings per share of $-0.140 on revenue of $26M. Analysts polled by Investing.com anticipated EPS of $0.040 on revenue of $22.15M.
iPower shares are down 30% from the beginning of the year , still down 85.25% from its 52 week high of $3.85 set on Wednesday, November 17, 2021.
iPower follows other major Consumer Discretionary sector earnings this month
iPower's report follows an earnings beat by Amazon.com on Thursday, October 27, 2022, who reported EPS of $0.28 on revenue of $127.1B, compared to forecasts EPS of $0.22 on revenue of $127.76B.
Tesla had beat expectations on Wednesday, October 19, 2022 with third quarter EPS of $1.05 on revenue of $21.45B, compared to forecast for EPS of $1 on revenue of $21.98B.
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