Investing.com - Arbe Robotics reported on Monday third quarter earnings that beat analysts' forecasts and revenue that fell short of expectations.
Arbe Robotics announced earnings per share of $-0.11 on revenue of $1.26M. Analysts polled by Investing.com EPS of $-0.16 on revenue of $2.53M.
Arbe Robotics 's are up 3.5% and is trading at $4.31 , still down 71.27% from its 52 week high of $15.00 set on Monday, November 15, 2021.
Arbe Robotics follows other major Information Technology sector earnings this month
Arbe Robotics'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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