Investing.com - Cepton reported on Tuesday second quarter earnings that beat analysts' forecasts and revenue that fell short of expectations.
Cepton announced earnings per share of $-0.080 on revenue of $1.8M. Analysts polled by Investing.com anticipated EPS of $-0.098 on revenue of $2.18M.
Cepton shares are down 48.09% from the beginning of the year, still down 97.58% from its 52 week high of $80.16 set on February 17.
Cepton follows other major Information Technology sector earnings this month
Cepton'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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