Investing.com - QualTek Services reported on Monday third quarter earnings that missed analysts' forecasts and revenue that fell short of expectations.
QualTek Services announced earnings per share of $-0.130 on revenue of $216.1M. Analysts polled by Investing.com anticipated EPS of $-0.020 on revenue of $235.1M.
QualTek Services shares are down 30% from the beginning of the year and are trading at $1.530 , down-from-52-week-high.
QualTek Services follows other major Industrials sector earnings this month
QualTek Services's report follows an earnings beat by United Parcel Service on Tuesday, October 25, 2022, who reported EPS of $2.99 on revenue of $24.59B, compared to forecasts EPS of $2.84 on revenue of $24.29B.
Honeywell had beat expectations on Thursday, October 27, 2022 with third quarter EPS of $2.25 on revenue of $8.95B, compared to forecast for EPS of $2.16 on revenue of $8.99B.
Stay up-to-date on all of the upcoming earnings reports by visiting Investing.com's earnings calendar