Investing.com - Moneygram reported on Tuesday third quarter earnings that missed analysts' forecasts and revenue that topped expectations.
Moneygram announced earnings per share of $0.11 on revenue of $330.8M. Analysts polled by Investing.com anticipated EPS of $0.18 on revenue of $324.9M.
Moneygram shares are down 16% from the beginning of the year, still down 2.85% from its 52 week high of $10.87 set on February 22.
Moneygram follows other major Information Technology sector earnings this month
Moneygram'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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