Investing.com - iClick Interactive Asia reported on Friday first quarter earnings that missed analysts' forecasts and revenue that fell short of expectations.
iClick Interactive Asia announced earnings per share of $-0.06 on revenue of $47.38M. Analysts polled by Investing.com anticipated EPS of $-0.04 on revenue of $76.14M.
iClick Interactive Asia shares are down 84.38% from the beginning of the year, still down 93.92% from its 52 week high of $11.84 set on June 1, 2021. They are under-performing the Nasdaq which is down 24.96% from the start of the year.
iClick Interactive Asia follows other major Communication Services sector earnings this month
iClick Interactive Asia's report follows an earnings missed by Tencent ADR on May 18, who reported EPS of $0.3552 on revenue of $20.02B, compared to forecasts EPS of $0.4734 on revenue of $21.81B.
Comcast had beat expectations on April 28 with first quarter EPS of $0.86 on revenue of $31.01B, compared to forecast for EPS of $0.8042 on revenue of $30.5B.
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