Investing.com - Akoustis Tech reported on Monday first quarter earnings that missed analysts' forecasts and revenue that topped expectations.
Akoustis Tech announced earnings per share of $-0.2877 on revenue of $6.23M. Analysts polled by Investing.com EPS of $-0.21 on revenue of $6.2M.
Akoustis Tech 's are down 39% and is trading at $4.06 , still down 62.23% from its 52 week high of $10.75 set on Monday, September 27, 2021.
Akoustis Tech shares lost 8.35% to trade at $4.06 in intra-day trade the report.
Akoustis Tech follows other major Information Technology sector earnings this month
Akoustis Tech's report follows an earnings beat by NVIDIA on Wednesday, August 24, 2022, who reported EPS of $0.51 on revenue of $6.7B, EPS of $0.4991 on revenue of $6.7B.
Broadcom had beat expectations on Thursday, September 1, 2022 with third quarter EPS of $9.73 on revenue of $8.46B, for EPS of $9.56 on revenue of $8.41B.
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