Investing.com - Couchbase reported on Wednesday second quarter earnings that beat analysts' forecasts and revenue that topped expectations.
Couchbase announced earnings per share of $-0.19 on revenue of $39.79M. Analysts polled by Investing.com anticipated EPS of $-0.2867 on revenue of $35.86M.
Couchbase shares are down 74.46% from the beginning of the year, still down 71.44% from its 52 week high of $52.00 set on September 8, 2021. They are under-performing the Nasdaq which is down 24.63% from the start of the year.
Couchbase follows other major Information Technology sector earnings this month
Couchbase's report follows an earnings beat by NVIDIA on August 24, who reported EPS of $0.51 on revenue of $6.7B, compared to forecasts EPS of $0.4991 on revenue of $6.7B.
Broadcom had beat expectations on September 1 with third quarter EPS of $9.73 on revenue of $8.46B, compared to forecast for EPS of $9.56 on revenue of $8.41B.
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