Investing.com - Omniq Corp reported on Monday third quarter earnings that missed analysts' forecasts and revenue that topped expectations.
Omniq Corp announced earnings per share of $-0.5200 on revenue of $27.01M. Analysts polled by Investing.com anticipated EPS of $-0.3200 on revenue of $26.1M.
Omniq Corp shares are down 30% from the beginning of the year, still down 42.14% from its 52 week high of $10.88 set on November 15, 2021.
Omniq Corp follows other major Information Technology sector earnings this month
Omniq Corp'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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