Investing.com - Lesaka Tech reported on Tuesday first quarter earnings that missed analysts' forecasts and revenue that fell short of expectations.
Lesaka Tech announced earnings per share of $-0.080 on revenue of $124.79M. Analysts polled by Investing.com anticipated EPS of $0.020 on revenue of $131M.
Lesaka Tech shares are down 48.09% from the beginning of the year, still down 35.26% from its 52 week high of $6.07 set on April 1.
Lesaka Tech follows other major Information Technology sector earnings this month
Lesaka Tech'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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