Investing.com - Paltalk Inc reported on Monday third quarter earnings that missed analysts' forecasts and revenue that fell short of expectations.
Paltalk Inc announced earnings per share of $-0.1100 on revenue of $2.62M. Analysts polled by Investing.com anticipated EPS of $-0.0500 on revenue of $3.1M.
Paltalk Inc shares are down 5.02% from the beginning of the year, still down 73.44% from its 52 week high of $5.46 set on November 9, 2021.
Paltalk Inc follows other major Communication Services sector earnings this month
Paltalk Inc's report follows an earnings missed by Alphabet C on October 25, who reported EPS of $1.06 on revenue of $69.09B, compared to forecasts EPS of $1.28 on revenue of $71.34B.
Meta Platforms had missed expectations on October 26 with third quarter EPS of $1.64 on revenue of $27.71B, compared to forecast for EPS of $1.93 on revenue of $27.57B.
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