Investing.com - Verint reported on Wednesday second quarter earnings that beat analysts' forecasts and revenue that fell short of expectations.
Verint announced earnings per share of $0.56 on revenue of $222.9M. Analysts polled by Investing.com anticipated EPS of $0.5289 on revenue of $225.69M.
Verint shares are down 13% from the beginning of the year , still down 19.45% from its 52 week high of $56.39 set on Wednesday, April 20, 2022. They are outperforming the Nasdaq which is down 24.63% year to date.
Verint follows other major Information Technology sector earnings this month
Verint'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.
Broadcom had beat expectations on Thursday, September 1, 2022 with third quarter EPS of $9.73 on revenue of $8.46B, compared to forecast for EPS of $9.56 on revenue of $8.41B.
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