Investing.com - Ironnet reported on Wednesday third quarter earnings that beat analysts' forecasts and revenue that fell short of expectations.
Ironnet announced earnings per share of $-0.2033 on revenue of $6.61M. Analysts polled by Investing.com anticipated EPS of $-0.21 on revenue of $7.55M.
Ironnet shares are down 37% from the beginning of the year, still down 95.37% from its 52 week high of $47.50 set on September 16, 2021.
Ironnet follows other major Information Technology sector earnings this month
Ironnet'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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