Investing.com - Mix Telemats reported on Thursday first quarter earnings that missed analysts' forecasts and revenue that fell short of expectations.
Mix Telemats announced earnings per share of $0.00 on revenue of $35.1M. Analysts polled by Investing.com anticipated EPS of $0.035 on revenue of $36.85M.
Mix Telemats shares are down 19% from the beginning of the year, still down 51.05% from its 52 week high of $14.75 set on August 6, 2021. They are under-performing the BEL 20 which is down 12.41% from the start of the year.
Mix Telemats follows other major Information Technology sector earnings this month
Mix Telemats's report follows an earnings missed by Microsoft on Tuesday, who reported EPS of $2.23 on revenue of $51.87B, compared to forecasts EPS of $2.29 on revenue of $52.43B.
Visa A had beat expectations on Tuesday with third quarter EPS of $1.98 on revenue of $7.28B, compared to forecast for EPS of $1.74 on revenue of $7.06B.
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