Investing.com - Park City (NASDAQ:PCYG) Group reported on Wednesday first quarter earnings that missed analysts' forecasts and revenue that fell short of expectations.
Park City Group announced earnings per share of $0.050 on revenue of $4.6M. Analysts polled by Investing.com anticipated EPS of $0.060 on revenue of $4.81M.
Park City Group shares are up 6% from the beginning of the year, still down 41.92% from its 52 week high of $10.68 set on February 11.
Park City Group follows other major Information Technology sector earnings this month
Park City Group's report follows an earnings beat by Broadcom on September 1, who reported EPS of $9.73 on revenue of $8.46B, compared to forecasts EPS of $9.56 on revenue of $8.41B.
Oracle had missed expectations on September 12 with first quarter EPS of $1.03 on revenue of $11.45B, compared to forecast for EPS of $1.07 on revenue of $11.33B.
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