Investing.com - Applied Blockchain reported on Tuesday first quarter earnings that beat analysts' forecasts and revenue that topped expectations.
Applied Blockchain announced earnings per share of $-0.04 on revenue of $6.92. Analysts polled by Investing.com EPS of $-0.04 on revenue of $6.32M.
Applied Blockchain 's are down 9% and is trading at $1.68 , still down 95.09% from its 52 week high of $34.20 set on Tuesday, October 26, 2021.
Applied Blockchain follows other major Information Technology sector earnings this month
Applied Blockchain's report follows an earnings beat by Accenture on Thursday, September 22, 2022, who reported EPS of $2.6 on revenue of $15.42B, EPS of $2.57 on revenue of $15.39B.
Adobe had beat expectations on Thursday, September 15, 2022 with third quarter EPS of $3.4 on revenue of $4.43B, for EPS of $3.35 on revenue of $4.44B.
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