Investing.com - Rapid7 (NASDAQ:RPD) Inc reported on Wednesday third quarter earnings that beat analysts' forecasts and revenue that fell short of expectations.
Rapid7 Inc announced earnings per share of $0.14 on revenue of $176M. Analysts polled by Investing.com anticipated EPS of $0.05 on revenue of $176.08M.
Rapid7 Inc shares are up 17.79% from the beginning of the year, still down 73.06% from its 52 week high of $145.00 set on November 4, 2021.
Rapid7 Inc shares lost 8.40% in after-hours trade following the report.
Rapid7 Inc follows other major Information Technology sector earnings this month
Rapid7 Inc'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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