Investing.com - Truecar Inc reported on Tuesday third quarter earnings that missed analysts' forecasts and revenue that fell short of expectations.
Truecar Inc announced earnings per share of $-0.850 on revenue of $39.1M. Analysts polled by Investing.com anticipated EPS of $-0.113 on revenue of $42.32M.
Truecar Inc shares are down 28% from the beginning of the year, still down 56.04% from its 52 week high of $4.09 set on November 9, 2021.
Truecar Inc follows other major Communication Services sector earnings this month
Truecar Inc's report follows an earnings missed by Alphabet C on October 25, who reported EPS of $1.06 on revenue of $69.09B, compared to forecasts EPS of $1.28 on revenue of $71.34B.
Meta Platforms had missed expectations on October 26 with third quarter EPS of $1.64 on revenue of $27.71B, compared to forecast for EPS of $1.93 on revenue of $27.57B.
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