Investing.com - Everspin Tech reported on Wednesday third quarter earnings that beat analysts' forecasts and revenue that fell short of expectations.
Everspin Tech announced earnings per share of $0.090 on revenue of $15.2M. Analysts polled by Investing.com anticipated EPS of $0.010 on revenue of $15.75M.
Everspin Tech shares are up 4.35% from the beginning of the year, still down 56.89% from its 52 week high of $14.36 set on November 30, 2021.
Everspin Tech follows other major Information Technology sector earnings this month
Everspin Tech'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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