Investing.com - Qumu (NASDAQ:QUMU) Corp reported on Tuesday third quarter earnings that beat analysts' forecasts and revenue that topped expectations.
Qumu Corp announced earnings per share of $-0.080 on revenue of $5.47M. Analysts polled by Investing.com anticipated EPS of $-0.200 on revenue of $5.37M.
Qumu Corp shares are down 57% from the beginning of the year, still down 68.27% from its 52 week high of $2.82 set on November 18, 2021.
Qumu Corp follows other major Information Technology sector earnings this month
Qumu Corp's report follows an earnings beat by Apple on Thursday, 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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