Investing.com - Sequans Communications reported on Wednesday third quarter earnings that missed analysts' forecasts and revenue that topped expectations.
Sequans Communications announced earnings per share of $-0.060 on revenue of $16.5M. Analysts polled by Investing.com anticipated EPS of $-0.050 on revenue of $15.02M.
Sequans Communications shares are down 53% from the beginning of the year, still down 38.71% from its 52 week high of $6.20 set on November 16, 2021.
Sequans Communications follows other major Information Technology sector earnings this month
Sequans Communications's report follows an earnings beat by Apple on October 27, 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 October 25 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.
Stay up-to-date on all of the upcoming earnings reports by visiting Investing.com's earnings calendar