Investing.com - Verint reported on Wednesday second quarter earnings that beat analysts' forecasts and revenue that fell short of expectations.
Verint announced earnings per share of $0.56 on revenue of $222.9M. Analysts polled by Investing.com anticipated EPS of $0.5289 on revenue of $225.69M.
Verint shares are down 13% from the beginning of the year, still down 19.45% from its 52 week high of $56.39 set on April 20. They are outperforming the Nasdaq which is down 24.63% from the start of the year.
Verint follows other major Information Technology sector earnings this month
Verint's report follows an earnings beat by NVIDIA on August 24, who reported EPS of $0.51 on revenue of $6.7B, compared to forecasts EPS of $0.4991 on revenue of $6.7B.
Broadcom had beat expectations on September 1 with third quarter EPS of $9.73 on revenue of $8.46B, compared to forecast for EPS of $9.56 on revenue of $8.41B.
Stay up-to-date on all of the upcoming earnings reports by visiting Investing.com's earnings calendar