Investing.com - CooTek Cayman reported on Thursday first quarter earnings that missed analysts' forecasts and revenue that fell short of expectations.
CooTek Cayman announced earnings per share of $-0.31 on revenue of $68.98M. Analysts polled by Investing.com anticipated EPS of $0.04 on revenue of $154.2M.
CooTek Cayman shares are up 4.15% from the beginning of the year, still down 63.31% from its 52 week high of $7.44 set on July 8, 2020. They are outperforming the Nasdaq which is up 0.57% from the start of the year.
CooTek Cayman follows other major Technology sector earnings this month
CooTek Cayman's report follows an earnings beat by NVIDIA on February 24, who reported EPS of $3.1 on revenue of $5B, compared to forecasts EPS of $2.81 on revenue of $4.82B.
Adobe had beat expectations on Tuesday with first quarter EPS of $3.14 on revenue of $3.91B, compared to forecast for EPS of $2.79 on revenue of $3.76B.
Stay up-to-date on all of the upcoming earnings reports by visiting Investing.com's earnings calendar