Investing.com - CooTek Cayman reported on Tuesday second quarter earnings that missed analysts' forecasts and revenue that fell short of expectations.
CooTek Cayman announced earnings per share of $-0.02 on revenue of $83.6M. Analysts polled by Investing.com anticipated EPS of $-0.01 on revenue of $124M.
CooTek Cayman shares are down 22% from the beginning of the year, still down 80.69% from its 52 week high of $7.20 set on February 16. They are under-performing the Hang Seng which is down 5.01% 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 Apple on July 27, who reported EPS of $1.3 on revenue of $81.43B, compared to forecasts EPS of $1.01 on revenue of $73.33B.
Alphabet C had beat expectations on July 27 with second quarter EPS of $27.26 on revenue of $61.88B, compared to forecast for EPS of $19.33 on revenue of $56.19B.
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