Investing.com - Vertex (NASDAQ:VRTX) reported on Wednesday third quarter earnings that beat analysts' forecasts and revenue that topped expectations.
Vertex announced earnings per share of $0.08 on revenue of $126.2M. Analysts polled by Investing.com anticipated EPS of $0.06 on revenue of $122.86M.
Vertex shares are down 16.73% from the beginning of the year, still down 31.15% from its 52 week high of $22.28 set on November 11, 2021.
Vertex shares gained 10.82% in pre-market trade following the report.
Vertex follows other major Information Technology sector earnings this month
Vertex'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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