Investing.com - NAble reported on Thursday third quarter earnings that beat analysts' forecasts and revenue that fell short of expectations.
NAble announced earnings per share of $0.23 on revenue of $93.5M. Analysts polled by Investing.com anticipated EPS of $0.08 on revenue of $95.98M.
NAble shares are down 24% from the beginning of the year, still down 15.65% from its 52 week high of $13.80 set on November 10, 2021.
NAble shares lost 16.75% in pre-market trade following the report.
NAble follows other major Information Technology sector earnings this month
NAble'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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