Investing.com - Otonomo Technologies reported on Wednesday third quarter earnings that missed analysts' forecasts and revenue that fell short of expectations.
Otonomo Technologies announced earnings per share of $-0.26 on revenue of $2M. Analysts polled by Investing.com anticipated EPS of $-0.14 on revenue of $2.34M.
Otonomo Technologies shares are down 90% from the beginning of the year, still down 92.13% from its 52 week high of $4.70 set on November 30, 2021.
Otonomo Technologies follows other major Information Technology sector earnings this month
Otonomo Technologies'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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