Investing.com - Mix Telemats reported on Thursday second quarter earnings that beat analysts' forecasts and revenue that topped expectations.
Mix Telemats announced earnings per share of $0.25 on revenue of $30.95M. Analysts polled by Investing.com anticipated EPS of $0.01 on revenue of $25.4M.
Mix Telemats shares are up 23% from the beginning of the year and are trading at $8.52 , down-from-52-week-high.They are outperforming the STOXX 600 which is down 17.81% from the start of the year.
Mix Telemats follows other major Technology sector earnings this month
Mix Telemats's report follows an earnings beat by Microsoft on Tuesday, who reported EPS of $1.82 on revenue of $37.15B, compared to forecasts EPS of $1.54 on revenue of $35.76B.
Alphabet C had beat expectations on Thursday with third quarter EPS of $16.4 on revenue of $46.17B, compared to forecast for EPS of $11.3 on revenue of $42.76B.
Stay up-to-date on all of the upcoming earnings reports by visiting Investing.com's earnings calendar