Investing.com - Linx reported on Monday first quarter earnings that matched analysts' forecasts and revenue that topped expectations.
Linx announced earnings per share of $0.01 on revenue of $37.49M. Analysts polled by Investing.com anticipated EPS of $0.01 on revenue of $37.14M.
Linx shares are down 16.51% from the beginning of the year , still down 56.98% from its 52 week high of $9.60 set on June 26, 2019. They are outperforming the Nifty 50 which is down 17.44% year to date.
Linx follows other major sector earnings this month
Linx's report follows an earnings beat by Tencent ADR on May 13, who reported EPS of $0.42 on revenue of $15.23B, compared to forecasts EPS of $0.33 on revenue of $14.28B.
SoftBank Group had missed expectations on May 18 with first quarter EPS of $-3.23 on revenue of $14.72B, compared to forecast for EPS of $-0.71 on revenue of $23.64B.
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