Investing.com - Amplitude reported on Tuesday third quarter earnings that missed analysts' forecasts and revenue that topped expectations.
Amplitude announced earnings per share of $-0.20 on revenue of $61.61M. Analysts polled by Investing.com anticipated EPS of $-0.10 on revenue of $60.15M.
Amplitude shares are down 58% from the beginning of the year, still down 83.85% from its 52 week high of $86.11 set on November 8, 2021.
Amplitude follows other major Information Technology sector earnings this month
Amplitude'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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