Investing.com - Applied Blockchain reported on Tuesday first quarter earnings that beat analysts' forecasts and revenue that topped expectations.
Applied Blockchain announced earnings per share of $-0.04 on revenue of $6.92. Analysts polled by Investing.com anticipated EPS of $-0.04 on revenue of $6.32M.
Applied Blockchain shares are down 9% from the beginning of the year and are trading at $1.68 , down-from-52-week-high.
Applied Blockchain follows other major Information Technology sector earnings this month
Applied Blockchain's report follows an earnings beat by Accenture on Thursday, September 22, 2022, who reported EPS of $2.6 on revenue of $15.42B, compared to forecasts EPS of $2.57 on revenue of $15.39B.
Adobe had beat expectations on Thursday, September 15, 2022 with third quarter EPS of $3.4 on revenue of $4.43B, compared to forecast for EPS of $3.35 on revenue of $4.44B.
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