Investing.com - Appian (NASDAQ:APPN) reported on Thursday third quarter earnings that missed analysts' forecasts and revenue that topped expectations.
Appian announced earnings per share of $-0.43 on revenue of $117.9M. Analysts polled by Investing.com anticipated EPS of $-0.23 on revenue of $116.16M.
Appian shares are up 18% from the beginning of the year, still down 54.77% from its 52 week high of $104.45 set on November 4, 2021.
Appian shares lost 18.50% in after-hours trade following the report.
Appian follows other major Information Technology sector earnings this month
Appian'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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