Investing.com - Quantum reported on Wednesday first quarter earnings that missed analysts' forecasts and revenue that topped expectations.
Quantum announced earnings per share of $-0.13 on revenue of $97.07M. Analysts polled by Investing.com anticipated EPS of $-0.04 on revenue of $96.44M.
Quantum shares are down 48% from the beginning of the year , still down 78.93% from its 52 week high of $7.45 set on Friday, November 5, 2021. They are under-performing the Nasdaq which is down 24.47% year to date.
Quantum follows other major Information Technology sector earnings this month
Quantum'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.
Cisco had beat expectations on Wednesday, August 17, 2022 with fourth quarter EPS of $0.83 on revenue of $13.1B, compared to forecast for EPS of $0.8162 on revenue of $12.73B.
Stay up-to-date on all of the upcoming earnings reports by visiting Investing.com's earnings calendar