Investing.com - Applied Blockchain reported on Tuesday first quarter earnings that beat analysts' forecasts and revenue that topped expectations.
Applied Blockchain announced earnings per share of $-0.04 on revenue of $6.92. Analysts polled by Investing.com anticipated EPS of $-0.04 on revenue of $6.32M.
Applied Blockchain shares are down 9% from the beginning of the year, still down 95.09% from its 52 week high of $34.20 set on October 26, 2021.
Applied Blockchain follows other major Information Technology sector earnings this month
Applied Blockchain's report follows an earnings beat by Accenture on September 22, who reported EPS of $2.6 on revenue of $15.42B, compared to forecasts EPS of $2.57 on revenue of $15.39B.
Adobe had beat expectations on September 15 with third quarter EPS of $3.4 on revenue of $4.43B, compared to forecast for EPS of $3.35 on revenue of $4.44B.
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