Investing.com - Orion Energy reported on Tuesday second quarter earnings that missed analysts' forecasts and revenue that fell short of expectations.
Orion Energy announced earnings per share of $-0.080 on revenue of $17.6M. Analysts polled by Investing.com anticipated EPS of $-0.038 on revenue of $23.07M.
Orion Energy shares are down 35% from the beginning of the year, still down 65.37% from its 52 week high of $4.62 set on November 9, 2021.
Orion Energy shares lost 1.83% in intra-day trade following the report.
Orion Energy follows other major Industrials sector earnings this month
Orion Energy'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 $2.86 on revenue of $24.4B.
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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