Investing.com - G-bits Network reported on Thursday third quarter earnings that missed analysts' forecasts and revenue that fell short of expectations.
G-bits Network announced earnings per share of ¥4.50 on revenue of ¥1.32. Analysts polled by Investing.com anticipated EPS of ¥4.90 on revenue of ¥1.38B.
G-bits Network shares are down 16.97% from the beginning of the year, still down 40.82% from its 52 week high of ¥448.55 set on January 5.
G-bits Network shares gained 10.00% in intra-day trade following the report.
G-bits Network follows other major Communication Services sector earnings this month
G-bits Network's report follows an earnings beat by YTO Express on October 15, who reported EPS of ¥0.29 on revenue of ¥13.76B, compared to forecasts EPS of ¥0.1871 on revenue of ¥13.04B.
Mango Excellent Media had missed expectations on Tuesday with third quarter EPS of ¥0.26 on revenue of ¥3.52B, compared to forecast for EPS of ¥0.36 on revenue of ¥4.19B.
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