Investing.com - SPI Energy reported on Tuesday second quarter earnings that beat analysts' forecasts and revenue that fell short of expectations.
SPI Energy announced earnings per share of $-0.08 on revenue of $48.6M. Analysts polled by Investing.com anticipated EPS of $-0.24 on revenue of $48.75M.
SPI Energy shares are down 41.27% from the beginning of the year, still down 72.43% from its 52 week high of $7.69 set on November 17, 2021. They are under-performing the Nasdaq which is down 17.36% from the start of the year.
SPI Energy follows other major Information Technology sector earnings this month
SPI Energy's report follows an earnings beat by Apple on July 28, who reported EPS of $1.2 on revenue of $82.96B, compared to forecasts EPS of $1.16 on revenue of $82.79B.
Microsoft had missed expectations on July 26 with fourth quarter EPS of $2.23 on revenue of $51.87B, compared to forecast for EPS of $2.29 on revenue of $52.38B.
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