Investing.com - Grom Social Enterprises reported on Wednesday third quarter earnings that matched analysts' forecasts and revenue that fell short of expectations.
Grom Social Enterprises announced earnings per share of $-0.100 on revenue of $1.48M. Analysts polled by Investing.com anticipated EPS of $-0.100 on revenue of $1.9M.
Grom Social Enterprises shares are down 90% from the beginning of the year and are trading at $0.179 , down-from-52-week-high.
Grom Social Enterprises follows other major Communication Services sector earnings this month
Grom Social Enterprises's report follows an earnings beat by Tencent ADR on Tuesday, November 15, 2022, who reported EPS of $0.4669 on revenue of $19.79B, compared to forecasts EPS of $0.447 on revenue of $20.01B.
Walt Disney had missed expectations on Tuesday, November 8, 2022 with fourth quarter EPS of $0.3 on revenue of $20.15B, compared to forecast for EPS of $0.59 on revenue of $21.38B.
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