Investing.com - Pagaya reported on Thursday third quarter earnings that beat analysts' forecasts and revenue that topped expectations.
Pagaya announced earnings per share of $-0.020 on revenue of $185.61M. Analysts polled by Investing.com anticipated EPS of $-0.040 on revenue of $182M.
Pagaya shares are down 28.35% from the beginning of the year , still down 95.88% from its 52 week high of $34.50 set on Tuesday, August 2, 2022.
Pagaya follows other major Information Technology sector earnings this month
Pagaya'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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