Investing.com - Lantronix (NASDAQ:LTRX) reported on Thursday second quarter earnings that missed analysts' forecasts and revenue that fell short of expectations.
Lantronix announced earnings per share of $0.100 on revenue of $33.68M. Analysts polled by Investing.com anticipated EPS of $0.130 on revenue of $38.04M.
Lantronix shares are down 10% from the beginning of the year, still down 52.49% from its 52 week high of $10.25 set on November 8, 2021.
Lantronix follows other major Information Technology sector earnings this month
Lantronix's report follows an earnings missed by Oracle on September 12, who reported EPS of $1.03 on revenue of $11.45B, compared to forecasts EPS of $1.07 on revenue of $11.33B.
Accenture had beat expectations on September 22 with fourth quarter EPS of $2.6 on revenue of $15.42B, compared to forecast for EPS of $2.57 on revenue of $15.39B.
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