Investing.com - Loyalty Ventures reported on Tuesday third quarter earnings that missed analysts' forecasts and revenue that fell short of expectations.
Loyalty Ventures announced earnings per share of $-0.01 on revenue of $162.37M. Analysts polled by Investing.com anticipated EPS of $0.10 on revenue of $162.71M.
Loyalty Ventures shares are down 27% from the beginning of the year , still down 96.76% from its 52 week high of $52.50 set on Monday, November 8, 2021.
Loyalty Ventures shares gained 16.93% in intra-day trade the report.
Loyalty Ventures follows other major Communication Services sector earnings this month
Loyalty Ventures's report follows an earnings missed by Alphabet C on Tuesday, October 25, 2022, who reported EPS of $1.06 on revenue of $69.09B, compared to forecasts EPS of $1.28 on revenue of $71.34B.
Meta Platforms had missed expectations on Wednesday, October 26, 2022 with third quarter EPS of $1.64 on revenue of $27.71B, compared to forecast for EPS of $1.93 on revenue of $27.57B.
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