Investing.com - Agrify reported on Wednesday third quarter earnings that missed analysts' forecasts and revenue that fell short of expectations.
Agrify announced earnings per share of $-17.330 on revenue of $7.02M. Analysts polled by Investing.com anticipated EPS of $-0.360 on revenue of $20.45M.
Agrify shares are down 16.73% from the beginning of the year , still down 99.56% from its 52 week high of $235.50 set on Monday, November 15, 2021.
Agrify shares gained 18.27% in pre-market trade the report.
Agrify follows other major Industrials sector earnings this month
Agrify's report follows an earnings beat by United Parcel Service on Tuesday, October 25, 2022, who reported EPS of $2.99 on revenue of $24.59B, compared to forecasts EPS of $2.86 on revenue of $24.4B.
Honeywell had beat expectations on Thursday, October 27, 2022 with third quarter EPS of $2.25 on revenue of $8.95B, compared to forecast for EPS of $2.16 on revenue of $8.99B.
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