Investing.com - Bandwidth reported on Wednesday third quarter earnings that missed analysts' forecasts and revenue that topped expectations.
Bandwidth announced earnings per share of $-0.03 on revenue of $148.3M. Analysts polled by Investing.com EPS of $0.03 on revenue of $140.83M.
Bandwidth 's are down 82% and is trading at $12.30 , still down 86.21% from its 52 week high of $89.18 set on Thursday, November 4, 2021.
Bandwidth follows other major Communication Services sector earnings this month
Bandwidth's report follows an earnings missed by Alphabet C on Tuesday, October 25, 2022, who reported EPS of $1.06 on revenue of $69.09B, EPS of $1.28 on revenue of $71.34B.
Meta Platforms had missed expectations on Wednesday, October 26, 2022 with third quarter EPS of $1.64 on revenue of $27.71B, for EPS of $1.93 on revenue of $27.57B.
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