Investing.com - Charles&Colvard reported on Thursday first quarter earnings that beat analysts' forecasts and revenue that topped expectations.
Charles&Colvard announced earnings per share of $0.00 on revenue of $9.3M (NYSE:MMM). Analysts polled by Investing.com anticipated EPS of $-0.01 on revenue of $7.9M.
Charles&Colvard shares are down 57% from the beginning of the year and are trading at $1.240 , down-from-52-week-high.They are under-performing the Nasdaq which is down 24.67% from the start of the year.
Charles&Colvard follows other major Consumer Discretionary sector earnings this month
Charles&Colvard's report follows an earnings beat by Home Depot on Tuesday, August 16, 2022, who reported EPS of $5.05 on revenue of $43.79B, compared to forecasts EPS of $4.95 on revenue of $43.36B.
Alibaba ADR had beat expectations on Thursday, August 4, 2022 with second quarter EPS of $11.73 on revenue of $205.56B, compared to forecast for EPS of $10.7 on revenue of $203.47B.
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