Investing.com - Allego US reported on Monday third quarter earnings that beat analysts' forecasts and revenue that fell short of expectations.
Allego US announced earnings per share of $-0.03 on revenue of $22.32M. Analysts polled by Investing.com anticipated EPS of $-0.03 on revenue of $41.74M.
Allego US shares are down 45% from the beginning of the year, still down 89.06% from its 52 week high of $28.44 set on March 29.
Allego US shares gained 6.51% in intra-day trade following the report.
Allego US follows other major Consumer Discretionary sector earnings this month
Allego US's report follows an earnings beat by Amazon.com on October 27, who reported EPS of $0.28 on revenue of $127.1B, compared to forecasts EPS of $0.22 on revenue of $127.76B.
Tesla had beat expectations on October 19 with third quarter EPS of $1.05 on revenue of $21.45B, compared to forecast for EPS of $1 on revenue of $21.98B.
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