Investing.com - Orbital Infrastructure Group reported on Monday third quarter earnings that missed analysts' forecasts and revenue that fell short of expectations.
Orbital Infrastructure Group announced earnings per share of $-1.220 on revenue of $99.8M. Analysts polled by Investing.com anticipated EPS of $-0.070 on revenue of $132.06M.
Orbital Infrastructure Group shares are down 19.03% from the beginning of the year, still down 90.87% from its 52 week high of $2.89 set on December 13, 2021.
Orbital Infrastructure Group shares lost 1.89% in pre-market trade following the report.
Orbital Infrastructure Group follows other major Industrials sector earnings this month
Orbital Infrastructure Group's report follows an earnings beat by United Parcel Service on October 25, who reported EPS of $2.99 on revenue of $24.59B, compared to forecasts EPS of $2.84 on revenue of $24.29B.
Honeywell had beat expectations on October 27 with third quarter EPS of $2.25 on revenue of $8.95B, compared to forecast for EPS of $2.16 on revenue of $8.99B.
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