Investing.com - Mix Telemats reported on Thursday first quarter earnings that beat analysts' forecasts and revenue that topped expectations.
Mix Telemats announced earnings per share of R0.11 on revenue of R27.5M. Analysts polled by Investing.com anticipated EPS of R-0.04 on revenue of R27.19M.
Mix Telemats shares are down 64.42% from the beginning of the year and are trading at R9.74 , down-from-52-week-high.They are under-performing the S&P/TSX which is down 5.94% from the start of the year.
Mix Telemats shares gained 4.28% in intra-day trade after the report.
Mix Telemats follows other major Technology sector earnings this month
Mix Telemats's report follows an earnings beat by Microsoft on Wednesday, July 22, 2020, who reported EPS of R1.46 on revenue of R38.03B, compared to forecasts EPS of R1.34 on revenue of R36.54B.
Facebook had beat expectations on Wednesday with second quarter EPS of R1.4 on revenue of R17.28B, compared to forecast for EPS of R1.39 on revenue of R17.33B.
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