Investing.com - RumbleON (NASDAQ:RMBL) reported on Wednesday third quarter earnings that missed analysts' forecasts and revenue that fell short of expectations.
RumbleON announced earnings per share of $0.27 on revenue of $470.3M. Analysts polled by Investing.com anticipated EPS of $0.78 on revenue of $487.91M.
RumbleON shares are down 16.73% from the beginning of the year, still down 75.62% from its 52 week high of $48.45 set on November 12, 2021.
RumbleON shares gained 27.01% in pre-market trade following the report.
RumbleON follows other major Consumer Discretionary sector earnings this month
RumbleON'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 $1.03 on revenue of $22.5B.
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