Investing.com - CooTek Cayman reported on Tuesday first quarter earnings that missed analysts' forecasts and revenue that fell short of expectations.
CooTek Cayman announced earnings per share of $0.007 on revenue of $53.02M. Analysts polled by Investing.com anticipated EPS of $0.02 on revenue of $85.6M.
CooTek Cayman shares are down 67.9% from the beginning of the year, still down 94.20% from its 52 week high of $3.40 set on March 15, 2021. They are under-performing the EUR/USD which is down 0% from the start of the year.
CooTek Cayman shares gained 37.93% in pre-market trade following the report.
CooTek Cayman follows other major Information Technology sector earnings this month
CooTek Cayman's report follows an earnings beat by NVIDIA on February 16, who reported EPS of $1.32 on revenue of $7.64B, compared to forecasts EPS of $1.23 on revenue of $7.42B.
Broadcom had beat expectations on March 3 with first quarter EPS of $8.39 on revenue of $7.71B, compared to forecast for EPS of $8.13 on revenue of $7.61B.
Stay up-to-date on all of the upcoming earnings reports by visiting Investing.com's earnings calendar