Investing.com - Sequans Communications reported on Tuesday second quarter earnings that beat analysts' forecasts and revenue that fell short of expectations.
Sequans Communications announced earnings per share of $-0.02 on revenue of $14.2M. Analysts polled by Investing.com anticipated EPS of $-0.078 on revenue of $14.43M.
Sequans Communications shares are down 36.71% from the beginning of the year, still down 51.61% from its 52 week high of $6.20 set on November 16, 2021. They are under-performing the EUR/USD which is down 0% from the start of the year.
Sequans Communications follows other major Information Technology sector earnings this month
Sequans Communications's report follows an earnings beat by Apple on Thursday, who reported EPS of $1.2 on revenue of $82.96B, compared to forecasts EPS of $1.16 on revenue of $82.79B.
Microsoft had missed expectations on July 26 with fourth quarter EPS of $2.23 on revenue of $51.87B, compared to forecast for EPS of $2.29 on revenue of $52.38B.
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