Investing.com - Kaleyra (NYSE:KLR) reported on Monday third quarter earnings that beat analysts' forecasts and revenue that fell short of expectations.
Kaleyra announced earnings per share of $0.01 on revenue of $83.92M. Analysts polled by Investing.com anticipated EPS of $-0.03 on revenue of $86.47M.
Kaleyra shares are up 100% from the beginning of the year, still down 94.17% from its 52 week high of $14.23 set on November 11, 2021.
Kaleyra follows other major Information Technology sector earnings this month
Kaleyra'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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