Investing.com - Socket Mobile reported on Thursday third quarter earnings that missed analysts' forecasts and revenue that fell short of expectations.
Socket Mobile announced earnings per share of $-0.110 on revenue of $3.700. Analysts polled by Investing.com anticipated EPS of $0.100 on revenue of $7.9M.
Socket Mobile shares are down 33% from the beginning of the year and are trading at $1.770 , down-from-52-week-high.
Socket Mobile shares lost 19.55% in after-hours trade after the report.
Socket Mobile follows other major Information Technology sector earnings this month
Socket Mobile's report follows an earnings beat by Apple on Thursday, 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 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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