Investing.com - Oblong reported on Thursday third quarter earnings that missed analysts' forecasts and revenue that fell short of expectations.
Oblong announced earnings per share of $-0.230 on revenue of $1.2M. Analysts polled by Investing.com anticipated EPS of $-0.100 on revenue of $1.56M.
Oblong shares are down 28.35% from the beginning of the year and are trading at $0.232 , down-from-52-week-high.
Oblong shares lost 7.57% in after-hours trade following the report.
Oblong follows other major Information Technology sector earnings this month
Oblong'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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