Investing.com - Lantronix reported on Wednesday first quarter earnings that beat analysts' forecasts and revenue that fell short of expectations.
Lantronix announced earnings per share of $0.070 on revenue of $31.8M. Analysts polled by Investing.com anticipated EPS of $0.050 on revenue of $32.27M.
Lantronix shares are up 4.35% from the beginning of the year and are trading at $3.840 , down-from-52-week-high.
Lantronix follows other major Information Technology sector earnings this month
Lantronix's report follows an earnings beat by Apple on Thursday, October 27, 2022, who reported EPS of $1.29 on revenue of $90.1B, compared to forecasts EPS of $1.26 on revenue of $88.76B.
Microsoft had beat expectations on Tuesday, October 25, 2022 with first quarter EPS of $2.35 on revenue of $50.1B, compared to forecast for EPS of $2.32 on revenue of $49.86B.
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