Investing.com - ATEN reported on Monday third quarter earnings that beat analysts' forecasts and revenue that fell short of expectations.
ATEN announced earnings per share of 1.36 on revenue of 1.29B. Analysts polled by Investing.com anticipated EPS of 1.35 on revenue of 1.3B.
ATEN shares are down 16% from the beginning of the year, still down 9.09% from its 52 week high of 85.80 set on October 21, 2021. They are under-performing the S&P CLX IPSA which is up 25.77% from the start of the year.
ATEN follows other major Information Technology sector earnings this month
ATEN's report follows an earnings beat by Hon Hai Precision on August 9, who reported EPS of 2.4 on revenue of 1,509.81B, compared to forecasts EPS of 2.2 on revenue of 1,434.79B.
QCI had missed expectations on Wednesday with second quarter EPS of 1.02 on revenue of 270.5B, compared to forecast for EPS of 1.07 on revenue of 268.46B.
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