Investing.com - Pegasystems (NASDAQ:PEGA) reported on Wednesday third quarter earnings that missed analysts' forecasts and revenue that fell short of expectations.
Pegasystems announced earnings per share of $-0.34 on revenue of $270.73. Analysts polled by Investing.com anticipated EPS of $-0.23 on revenue of $283.99M.
Pegasystems shares are down 4.3% from the beginning of the year, still down 74.52% from its 52 week high of $130.48 set on October 26, 2021.
Pegasystems shares lost 3.43% in after-hours trade following the report.
Pegasystems follows other major Information Technology sector earnings this month
Pegasystems's report follows an earnings beat by Microsoft on Tuesday, who reported EPS of $2.35 on revenue of $50.1B, compared to forecasts EPS of $2.32 on revenue of $49.86B.
Visa A had beat expectations on Tuesday with fourth quarter EPS of $1.93 on revenue of $7.8B, compared to forecast for EPS of $1.87 on revenue of $7.57B.
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