Investing.com - Akoustis Tech reported on Monday first quarter earnings that missed analysts' forecasts and revenue that fell short of expectations.
Akoustis Tech announced earnings per share of $-0.33 on revenue of $5.57M. Analysts polled by Investing.com EPS of $-0.18 on revenue of $7.76M.
Akoustis Tech 's are down 45% and is trading at $3.65 , still down 53.97% from its 52 week high of $7.93 set on Monday, November 15, 2021.
Akoustis Tech shares gained 1.39% to trade at $3.65 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 Apple on Thursday, October 27, 2022, who reported EPS of $1.29 on revenue of $90.1B, 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, for EPS of $2.32 on revenue of $49.86B.
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