Investing.com - Sequans Communications reported on Tuesday third quarter earnings that beat analysts' forecasts and revenue that fell short of expectations.
Sequans Communications announced earnings per share of $-0.14 on revenue of $11.89M. Analysts polled by Investing.com anticipated EPS of $-0.186 on revenue of $12.24M.
Sequans Communications shares are up 61.4% from the beginning of the year, still down 43.05% from its 52 week high of $9.57 set on February 8. They are outperforming the EUR/USD which is down 0% from the start of the year.
Sequans Communications shares gained 17.20% in intra-day trade following the report.
Sequans Communications follows other major Technology sector earnings this month
Sequans Communications's report follows an earnings beat by Alphabet C on October 26, who reported EPS of $27.99 on revenue of $65.12B, compared to forecasts EPS of $23.83 on revenue of $63.53B.
Taiwan Semiconductor had beat expectations on October 14 with third quarter EPS of $1.07 on revenue of $14.75B, compared to forecast for EPS of $1.04 on revenue of $14.81B.
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