Investing.com - MIPS reported on Wednesday third quarter earnings that missed analysts' forecasts and revenue that fell short of expectations.
MIPS announced earnings per share of kr1.10 on revenue of kr113.00. Analysts polled by Investing.com anticipated EPS of kr1.91 on revenue of kr175.23M.
MIPS shares are down 71.61% from the beginning of the year, still down 72.87% from its 52 week high of kr1,242.00 set on November 30, 2021.
MIPS follows other major Consumer Discretionary sector earnings this month
MIPS's report follows an earnings missed by H&M B on September 29, who reported EPS of kr1.3 on revenue of kr57.45B, compared to forecasts EPS of kr1.98 on revenue of kr57.45B.
SkiStar had missed expectations on October 4 with fourth quarter EPS of kr-2.69 on revenue of kr221.37M, compared to forecast for EPS of kr-2.67 on revenue of kr216M.
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