Investing.com - Remark reported on Monday third quarter earnings that missed analysts' forecasts and revenue that fell short of expectations.
Remark announced earnings per share of $-0.0800 on revenue of $2.8M. Analysts polled by Investing.com anticipated EPS of $-0.0200 on revenue of $12.07M.
Remark shares are down 30% from the beginning of the year, still down 82.93% from its 52 week high of $1.73 set on November 15, 2021.
Remark follows other major Consumer Discretionary sector earnings this month
Remark's report follows an earnings beat by Amazon.com on October 27, who reported EPS of $0.28 on revenue of $127.1B, compared to forecasts EPS of $0.22 on revenue of $127.76B.
Tesla had beat expectations on October 19 with third quarter EPS of $1.05 on revenue of $21.45B, compared to forecast for EPS of $1 on revenue of $21.98B.
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