Investing.com - Phunware reported on Thursday third quarter earnings that missed analysts' forecasts and revenue that fell short of expectations.
Phunware announced earnings per share of $-0.08 on revenue of $4.76M. Analysts polled by Investing.com anticipated EPS of $-0.07 on revenue of $6.05M.
Phunware shares are down 28.35% from the beginning of the year, still down 72.17% from its 52 week high of $4.60 set on November 12, 2021.
Phunware follows other major Information Technology sector earnings this month
Phunware'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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