Investing.com - Micro Focus ADR reported on Tuesday fourth quarter earnings that beat analysts' forecasts and revenue that topped expectations.
Micro Focus ADR announced earnings per share of 1.44 on revenue of 2.9B. Analysts polled by Investing.com anticipated EPS of 0.9 on revenue of 1,437M.
Micro Focus ADR shares are down 0.07% from the beginning of the year, still down 25.52% from its 52 week high of 8.19 set on March 30, 2021. They are outperforming the Nasdaq which is down 10.41% from the start of the year.
Micro Focus ADR shares lost 12.95% in pre-market trade following the report.
Micro Focus ADR follows other major Information Technology sector earnings this month
Micro Focus ADR's report follows an earnings beat by Apple on January 27, who reported EPS of 2.1 on revenue of 123.95B, compared to forecasts EPS of 1.9 on revenue of 119B.
Microsoft had beat expectations on January 25 with second quarter EPS of 2.48 on revenue of 51.73B, compared to forecast for EPS of 2.32 on revenue of 50.74B.
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