Investing.com - Priority Tech reported on Thursday third quarter earnings that missed analysts' forecasts and revenue that fell short of expectations.
Priority Tech announced earnings per share of $-0.130 on revenue of $132.5M. Analysts polled by Investing.com anticipated EPS of $-0.070 on revenue of $169.96M.
Priority Tech shares are down 24% from the beginning of the year and are trading at $4.100 , down-from-52-week-high.
Priority Tech shares lost 4.87% in pre-market trade the report.
Priority Tech follows other major Information Technology sector earnings this month
Priority Tech'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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