Investing.com - mCloud Technologies reported on Tuesday third quarter earnings that beat analysts' forecasts and revenue that fell short of expectations.
mCloud Technologies announced earnings per share of $-0.50 on revenue of $5.42M. Analysts polled by Investing.com anticipated EPS of $-0.57 on revenue of $7M.
mCloud Technologies shares are down 81% from the beginning of the year, still down 84.56% from its 52 week high of $5.96 set on November 23, 2021.
mCloud Technologies follows other major Information Technology sector earnings this month
mCloud Technologies'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.
Stay up-to-date on all of the upcoming earnings reports by visiting Investing.com's earnings calendar