Investing.com - Xos reported on Thursday third quarter earnings that matched analysts' forecasts and revenue that fell short of expectations.
Xos announced earnings per share of $-0.140 on revenue of $11M. Analysts polled by Investing.com anticipated EPS of $-0.140 on revenue of $17.62M.
Xos shares are down 28.35% from the beginning of the year, still down 78.09% from its 52 week high of $5.02 set on November 11, 2021.
Xos follows other major Industrials sector earnings this month
Xos's report follows an earnings beat by United Parcel Service on October 25, who reported EPS of $2.99 on revenue of $24.59B, compared to forecasts EPS of $2.86 on revenue of $24.4B.
Honeywell had beat expectations on October 27 with third quarter EPS of $2.25 on revenue of $8.95B, compared to forecast for EPS of $2.16 on revenue of $8.99B.
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