Investing.com - Oblong reported on Thursday third quarter earnings that missed analysts' forecasts and revenue that fell short of expectations.
Oblong announced earnings per share of $-0.230 on revenue of $1.2M. Analysts polled by Investing.com anticipated EPS of $-0.100 on revenue of $1.56M.
Oblong shares are down 28.35% from the beginning of the year, still down 87.82% from its 52 week high of $2.06 set on November 11, 2021.
Oblong shares lost 7.57% in after-hours trade following the report.
Oblong follows other major Information Technology sector earnings this month
Oblong'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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