Investing.com - Bandwidth (NASDAQ:BAND) reported on Wednesday third quarter earnings that missed analysts' forecasts and revenue that topped expectations.
Bandwidth announced earnings per share of $-0.03 on revenue of $148.3M. Analysts polled by Investing.com anticipated EPS of $0.03 on revenue of $140.83M.
Bandwidth shares are down 82% from the beginning of the year, still down 86.21% from its 52 week high of $89.18 set on November 4, 2021.
Bandwidth follows other major Communication Services sector earnings this month
Bandwidth's report follows an earnings missed by Alphabet C on October 25, who reported EPS of $1.06 on revenue of $69.09B, compared to forecasts EPS of $1.28 on revenue of $71.34B.
Meta Platforms had missed expectations on October 26 with third quarter EPS of $1.64 on revenue of $27.71B, compared to forecast for EPS of $1.93 on revenue of $27.57B.
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