Investing.com - Micro Focus ADR reported on Thursday second quarter earnings that missed analysts' forecasts and revenue that topped expectations.
Micro Focus ADR announced earnings per share of $-0.65 on revenue of $1.43B. Analysts polled by Investing.com anticipated EPS of $0.83 on revenue of $1,374M.
Micro Focus ADR shares are up 11.91% from the beginning of the year and are trading at $6.390 , down-from-52-week-high.They are outperforming the EUR/USD which is down 0% from the start of the year.
Micro Focus ADR follows other major Information Technology sector earnings this month
Micro Focus ADR's report follows an earnings beat by Adobe on Thursday, June 17, 2021, who reported EPS of $3.03 on revenue of $3.84B, compared to forecasts EPS of $2.81 on revenue of $3.73B.
Oracle had beat expectations on Tuesday, June 15, 2021 with fourth quarter EPS of $1.54 on revenue of $11.23B, compared to forecast for EPS of $1.31 on revenue of $11.02B.
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