Investing.com - American Virtual Cloud reported on Wednesday second quarter earnings that beat analysts' forecasts and revenue that fell short of expectations.
American Virtual Cloud announced earnings per share of $-2.270 on revenue of $4.74M. Analysts polled by Investing.com anticipated EPS of $-10.200 on revenue of $25.97M.
American Virtual Cloud shares are down 97% from the beginning of the year and are trading at $0.960 , down-from-52-week-high.
American Virtual Cloud follows other major Information Technology sector earnings this month
American Virtual Cloud's report follows an earnings missed by NVIDIA on Wednesday, November 16, 2022, who reported EPS of $0.58 on revenue of $5.93B, compared to forecasts EPS of $0.71 on revenue of $5.8B.
Cisco had beat expectations on Wednesday, November 16, 2022 with first quarter EPS of $0.86 on revenue of $13.6B, compared to forecast for EPS of $0.84 on revenue of $13.29B.
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