Investing.com - Allied Esports Entertainment (NASDAQ:AESE) reported on Wednesday third quarter earnings that beat analysts' forecasts and revenue that topped expectations.
Allied Esports Entertainment announced earnings per share of $-0.040 on revenue of $1.57M. Analysts polled by Investing.com anticipated EPS of $-0.050 on revenue of $0.00.
Allied Esports Entertainment shares are down 25% from the beginning of the year, still down 48.79% from its 52 week high of $2.48 set on November 17, 2021.
Allied Esports Entertainment follows other major Consumer Discretionary sector earnings this month
Allied Esports Entertainment'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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