Investing.com - Ondas reported on Monday third quarter earnings that missed analysts' forecasts and revenue that fell short of expectations.
Ondas announced earnings per share of $-0.320 on revenue of $630K. Analysts polled by Investing.com anticipated EPS of $-0.220 on revenue of $1.37M.
Ondas shares are down 19.03% from the beginning of the year , still down 67.44% from its 52 week high of $11.70 set on Monday, November 15, 2021.
Ondas shares lost 2.89% in pre-market trade the report.
Ondas follows other major Information Technology sector earnings this month
Ondas'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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