Investing.com - Heliogen reported on Tuesday third quarter earnings that missed analysts' forecasts and revenue that fell short of expectations.
Heliogen announced earnings per share of $-0.140 on revenue of $3.1M. Analysts polled by Investing.com anticipated EPS of $-0.120 on revenue of $5.74M.
Heliogen shares are up 19.33% from the beginning of the year, still down 90.46% from its 52 week high of $16.35 set on December 31, 2021.
Heliogen follows other major Industrials sector earnings this month
Heliogen'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.
Raytheon Technologies had beat expectations on October 25 with third quarter EPS of $1.21 on revenue of $16.95B, compared to forecast for EPS of $1.14 on revenue of $17.31B.
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