Investing.com - Contextlogic reported on Wednesday third quarter earnings that missed analysts' forecasts and revenue that fell short of expectations.
Contextlogic announced earnings per share of $-0.18 on revenue of $125M. Analysts polled by Investing.com anticipated EPS of $-0.16 on revenue of $212.68M.
Contextlogic shares are down 19% from the beginning of the year and are trading at $0.64 , down-from-52-week-high.
Contextlogic shares gained 1.59% in after-hours trade following the report.
Contextlogic follows other major Consumer Discretionary sector earnings this month
Contextlogic's report follows an earnings beat by Amazon.com on Thursday, October 27, 2022, who reported EPS of $0.28 on revenue of $127.1B, compared to forecasts EPS of $0.22 on revenue of $127.76B.
Tesla had beat expectations on Wednesday, October 19, 2022 with third quarter EPS of $1.05 on revenue of $21.45B, compared to forecast for EPS of $1.03 on revenue of $22.5B.
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