Investing.com - TransAct reported on Thursday third quarter earnings that beat analysts' forecasts and revenue that topped expectations.
TransAct announced earnings per share of $0.05 on revenue of $17.9M. Analysts polled by Investing.com anticipated EPS of $-0.20 on revenue of $13.94M.
TransAct shares are down 28.35% from the beginning of the year, still down 70.19% from its 52 week high of $13.99 set on November 10, 2021.
TransAct shares gained 16.31% in after-hours trade following the report.
TransAct follows other major Information Technology sector earnings this month
TransAct'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.
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