Investing.com - Sequans Communications reported on Tuesday first quarter earnings that beat analysts' forecasts and revenue that fell short of expectations.
Sequans Communications announced earnings per share of -0.15 on revenue of 12.32M. Analysts polled by Investing.com anticipated EPS of -0.214 on revenue of 13.96M.
Sequans Communications shares are up 14% from the beginning of the year and are trading at 5.80 , down-from-52-week-high.They are outperforming the S&P 500 which is up 11.37% from the start of the year.
Sequans Communications shares lost 8.37% in intra-day trade the report.
Sequans Communications follows other major Technology sector earnings this month
Sequans Communications's report follows an earnings beat by Taiwan Semiconductor on Wednesday, April 14, 2021, who reported EPS of 0.9497 on revenue of 12.77B, compared to forecasts EPS of 0.9247 on revenue of 12.78B.
Intel had beat expectations on Thursday with first quarter EPS of 1.39 on revenue of 18.57B, compared to forecast for EPS of 1.15 on revenue of 17.79B.
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