Investing.com - Elastic reported on Wednesday second quarter earnings that beat analysts' forecasts and revenue that topped expectations.
Elastic announced earnings per share of $0.00 on revenue of $264.4M. Analysts polled by Investing.com anticipated EPS of $-0.10 on revenue of $261.56M.
Elastic shares are down 50.29% from the beginning of the year and are trading at $61.19 , down-from-52-week-high.
Elastic follows other major Information Technology sector earnings this month
Elastic's report follows an earnings missed by NVIDIA on Wednesday, November 16, 2022, who reported EPS of $0.58 on revenue of $5.93B, compared to forecasts EPS of $0.71 on revenue of $5.8B.
Cisco had beat expectations on Wednesday, November 16, 2022 with first quarter EPS of $0.86 on revenue of $13.6B, compared to forecast for EPS of $0.84 on revenue of $13.29B.
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