Investing.com - Sequans Communications reported on Tuesday first quarter earnings that beat analysts' forecasts and revenue that topped expectations.
Sequans Communications announced earnings per share of $-0.04 on revenue of $13.9M. Analysts polled by Investing.com anticipated EPS of $-0.114 on revenue of $13.82M.
Sequans Communications shares are down 47.68% from the beginning of the year, still down 63.74% from its 52 week high of $6.84 set on June 8, 2021. They are under-performing the EUR/USD which is down 0% from the start of the year.
Sequans Communications follows other major Information Technology sector earnings this month
Sequans Communications's report follows an earnings beat by Apple on Thursday, who reported EPS of $1.52 on revenue of $97.28B, compared to forecasts EPS of $1.42 on revenue of $94.03B.
Microsoft had beat expectations on April 26 with third quarter EPS of $2.22 on revenue of $49.36B, compared to forecast for EPS of $2.19 on revenue of $49.02B.
Stay up-to-date on all of the upcoming earnings reports by visiting Investing.com's earnings calendar