Investing.com - Innoviz Technologies reported on Wednesday third quarter earnings that missed analysts' forecasts and revenue that topped expectations.
Innoviz Technologies announced earnings per share of $-0.69 on revenue of $4.45M. Analysts polled by Investing.com anticipated EPS of $-0.24 on revenue of $2.08M.
Innoviz Technologies shares are down 16.73% from the beginning of the year, still down 46.58% from its 52 week high of $8.03 set on November 22, 2021.
Innoviz Technologies shares gained 2.56% in pre-market trade following the report.
Innoviz Technologies follows other major Information Technology sector earnings this month
Innoviz Technologies'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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