Investing.com - Socket Mobile reported on Thursday third quarter earnings that missed analysts' forecasts and revenue that fell short of expectations.
Socket Mobile announced earnings per share of $-0.110 on revenue of $3.700. Analysts polled by Investing.com anticipated EPS of $0.100 on revenue of $7.9M.
Socket Mobile shares are down 33% from the beginning of the year and are trading at $1.770 , down-from-52-week-high.
Socket Mobile shares lost 19.55% in after-hours trade the report.
Socket Mobile follows other major Information Technology sector earnings this month
Socket Mobile's report follows an earnings beat by Apple on Thursday, 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 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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