Investing.com - Wireless Telecom reported on Monday third quarter earnings that missed analysts' forecasts and revenue that fell short of expectations.
Wireless Telecom announced earnings per share of $-0.110 on revenue of $5.33M. Analysts polled by Investing.com anticipated EPS of $-0.003 on revenue of $8.99M.
Wireless Telecom shares are down 30% from the beginning of the year , still down 37.08% from its 52 week high of $2.40 set on Tuesday, January 4, 2022.
Wireless Telecom follows other major Information Technology sector earnings this month
Wireless Telecom'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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