Investing.com - Mix Telemats reported on Thursday first quarter earnings that missed analysts' forecasts and revenue that topped expectations.
Mix Telemats announced earnings per share of $0.05 on revenue of $31.1M. Analysts polled by Investing.com anticipated EPS of $0.0567 on revenue of $29.94M.
Mix Telemats shares are down 20% from the beginning of the year and are trading at $13.67 , down-from-52-week-high.They are under-performing the STOXX 600 which is up 16.15% from the start of the year.
Mix Telemats follows other major Information Technology sector earnings this month
Mix Telemats's report follows an earnings beat by Apple on Tuesday, who reported EPS of $1.3 on revenue of $81.43B, compared to forecasts EPS of $1.01 on revenue of $73.26B.
Microsoft had beat expectations on Tuesday with fourth quarter EPS of $2.17 on revenue of $46.15B, compared to forecast for EPS of $1.91 on revenue of $44.06B.
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