Investing.com - Sequans Communications reported on Tuesday third quarter earnings that missed analysts' forecasts and revenue that topped expectations.
Sequans Communications announced earnings per share of $-0.28 on revenue of $14.12M. Analysts polled by Investing.com anticipated EPS of $-0.22 on revenue of $13.59M.
Sequans Communications shares are up 57.67% from the beginning of the year, still down 42.94% 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 shares lost 12.24% 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 Taiwan Semiconductor on October 14, who reported EPS of $0.92 on revenue of $12.4B, compared to forecasts EPS of $0.84 on revenue of $11.84B.
Intel had matched expectations on Thursday with third quarter EPS of $1.11 on revenue of $18.33B, compared to forecast for EPS of $1.11 on revenue of $18.24B.
Stay up-to-date on all of the upcoming earnings reports by visiting Investing.com's earnings calendar