Investing.com - AvidXchange Holdings reported on Tuesday third quarter earnings that missed analysts' forecasts and revenue that topped expectations.
AvidXchange Holdings announced earnings per share of $-0.13 on revenue of $82.41M. Analysts polled by Investing.com EPS of $-0.12 on revenue of $78.58M.
AvidXchange Holdings 's are down 58% and is trading at $7.85 , still down 71.39% from its 52 week high of $27.43 set on Friday, November 19, 2021.
AvidXchange Holdings follows other major Information Technology sector earnings this month
AvidXchange Holdings'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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