Investing.com - Sequans Communications reported on Tuesday second quarter earnings that missed analysts' forecasts and revenue that topped expectations.
Sequans Communications announced earnings per share of $-0.28 on revenue of $12.2M. Analysts polled by Investing.com anticipated EPS of $-0.24 on revenue of $12M.
Sequans Communications shares are up 126% from the beginning of the year , still down 18.21% from its 52 week high of $8.29 set on July 13. They are outperforming the EUR/USD which is down 0% from the start of the year.
Sequans Communications follows other major Technology sector earnings this month
Sequans Communications's report follows an earnings beat by Microsoft on July 22, who reported EPS of $1.46 on revenue of $38.03B, compared to forecasts EPS of $1.34 on revenue of $36.54B.
Taiwan Semiconductor had beat expectations on July 15 with second quarter EPS of $0.79 on revenue of $10.55B, compared to forecast for EPS of $0.72 on revenue of $10.38B.
Stay up-to-date on all of the upcoming earnings reports by visiting Investing.com's earnings calendar