Investing.com - Fronteo reported on Friday second quarter earnings that missed analysts' forecasts and revenue that fell short of expectations.
Fronteo announced earnings per share of $0.01 on revenue of $27.55M. Analysts polled by Investing.com anticipated EPS of $0.13 on revenue of $31.20M.
Fronteo shares are down 10.42% from the beginning of the year and are trading at $5.59 , down-from-52-week-high.They are under-performing the EUR/USD which is down 0% from the start of the year.
Fronteo follows other major Technology sector earnings this month
Fronteo's report follows an earnings beat by Apple on Thursday, July 30, 2020, who reported EPS of $2.58 on revenue of $59.69B, compared to forecasts EPS of $2.05 on revenue of $52.29B.
Microsoft had beat expectations on Wednesday, July 22, 2020 with fourth quarter EPS of $1.46 on revenue of $38.03B, compared to forecast for EPS of $1.34 on revenue of $36.54B.
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