Investing.com - Cars.com reported on Thursday third quarter earnings that missed analysts' forecasts and revenue that fell short of expectations.
Cars.com announced earnings per share of $-0.04 on revenue of $164.6M. Analysts polled by Investing.com anticipated EPS of $0.33 on revenue of $164.65M.
Cars.com shares are down 39.61% from the beginning of the year, still down 28.71% from its 52 week high of $19.09 set on December 8, 2021.
Cars.com shares lost 11.83% in pre-market trade following the report.
Cars.com follows other major Communication Services sector earnings this month
Cars.com'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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