Investing.com - MICT reported on Monday third quarter earnings that missed analysts' forecasts and revenue that fell short of expectations.
MICT announced earnings per share of $-0.190 on revenue of $35.28M. Analysts polled by Investing.com anticipated EPS of $-0.010 on revenue of $41.78M.
MICT shares are up 7% from the beginning of the year, still down 41.38% from its 52 week high of $1.45 set on November 15, 2021.
MICT shares gained 2.35% in pre-market trade following the report.
MICT follows other major Information Technology sector earnings this month
MICT'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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