Investing.com - SimilarWeb (NYSE:SMWB) reported on Tuesday third quarter earnings that beat analysts' forecasts and revenue that topped expectations.
SimilarWeb announced earnings per share of $-0.18 on revenue of $50M. Analysts polled by Investing.com anticipated EPS of $-0.28 on revenue of $49.19M.
SimilarWeb shares are down 60% from the beginning of the year and are trading at $6.51 , down-from-52-week-high.
SimilarWeb shares lost 1.96% in after-hours trade after the report.
SimilarWeb follows other major Information Technology sector earnings this month
SimilarWeb'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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