Investing.com - Pixelworks (NASDAQ:PXLW) reported on Monday third quarter earnings that beat analysts' forecasts and revenue that fell short of expectations.
Pixelworks announced earnings per share of $-0.060 on revenue of $17.55M. Analysts polled by Investing.com anticipated EPS of $-0.067 on revenue of $19.83M.
Pixelworks shares are up 100% from the beginning of the year, still down 76.45% from its 52 week high of $5.95 set on November 19, 2021.
Pixelworks follows other major Information Technology sector earnings this month
Pixelworks'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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