Investing.com - Mix Telemats reported on Thursday third quarter earnings that beat analysts' forecasts and revenue that topped expectations.
Mix Telemats announced earnings per share of $0.15 on revenue of $34.1M. Analysts polled by Investing.com anticipated EPS of $0.0233 on revenue of $26.65M.
Mix Telemats shares are up 3.82% from the beginning of the year, still down 8.25% from its 52 week high of $14.91 set on January 29, 2020. They are outperforming the S&P 500 which is down 0.14% from the start of the year.
Mix Telemats follows other major Technology sector earnings this month
Mix Telemats's report follows an earnings beat by Apple on Wednesday, who reported EPS of $1.68 on revenue of $111.44B, compared to forecasts EPS of $1.41 on revenue of $102.54B.
Microsoft had beat expectations on Tuesday with second quarter EPS of $2.03 on revenue of $43.08B, compared to forecast for EPS of $1.64 on revenue of $40.23B.
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