Investing.com - Telos reported on Wednesday third quarter earnings that beat analysts' forecasts and revenue that fell short of expectations.
Telos announced earnings per share of $0.10 on revenue of $63.6M. Analysts polled by Investing.com anticipated EPS of $0.08 on revenue of $64.32M.
Telos shares are down 0.45% from the beginning of the year, still down 86.48% from its 52 week high of $26.64 set on November 9, 2021.
Telos shares lost 67.39% in intra-day trade following the report.
Telos follows other major Information Technology sector earnings this month
Telos'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.
Stay up-to-date on all of the upcoming earnings reports by visiting Investing.com's earnings calendar