Investing.com - Ideanomics reported on Wednesday third quarter earnings that missed analysts' forecasts and revenue that fell short of expectations.
Ideanomics announced earnings per share of $-0.080 on revenue of $24.28M. Analysts polled by Investing.com anticipated EPS of $-0.070 on revenue of $80.5M.
Ideanomics shares are down 29.95% from the beginning of the year, still down 89.67% from its 52 week high of $2.10 set on November 15, 2021.
Ideanomics follows other major Industrials sector earnings this month
Ideanomics's report follows an earnings beat by United Parcel Service on October 25, who reported EPS of $2.99 on revenue of $24.59B, compared to forecasts EPS of $2.86 on revenue of $24.4B.
Honeywell had beat expectations on October 27 with third quarter EPS of $2.25 on revenue of $8.95B, compared to forecast for EPS of $2.16 on revenue of $8.99B.
Stay up-to-date on all of the upcoming earnings reports by visiting Investing.com's earnings calendar