Investing.com - Remark reported on Monday third quarter earnings that missed analysts' forecasts and revenue that fell short of expectations.
Remark announced earnings per share of $-0.0800 on revenue of $2.8M. Analysts polled by Investing.com anticipated EPS of $-0.0200 on revenue of $12.07M.
Remark shares are down 30% from the beginning of the year , still down 82.93% from its 52 week high of $1.73 set on Monday, November 15, 2021.
Remark follows other major Consumer Discretionary sector earnings this month
Remark'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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