Investing.com - Airgain (NASDAQ:AIRG) reported on Thursday third quarter earnings that beat analysts' forecasts and revenue that fell short of expectations.
Airgain announced earnings per share of $0.06 on revenue of $19.2M. Analysts polled by Investing.com anticipated EPS of $0.04 on revenue of $20.9M.
Airgain shares are down 28.35% from the beginning of the year, still down 36.90% from its 52 week high of $11.49 set on December 17, 2021.
Airgain follows other major Information Technology sector earnings this month
Airgain'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.
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