Investing.com - Berkshire Grey reported on Monday third quarter earnings that beat analysts' forecasts and revenue that fell short of expectations.
Berkshire Grey announced earnings per share of $-0.110 on revenue of $23.6M. Analysts polled by Investing.com EPS of $-0.140 on revenue of $24.06M.
Berkshire Grey 's are down 45% and is trading at $1.180 , still down 82.67% from its 52 week high of $6.81 set on Monday, November 15, 2021.
Berkshire Grey shares gained 2.61% to trade at $1.180 in intra-day trade the report.
Berkshire Grey follows other major Industrials sector earnings this month
Berkshire Grey's report follows an earnings beat by United Parcel Service on Tuesday, October 25, 2022, who reported EPS of $2.99 on revenue of $24.59B, EPS of $2.84 on revenue of $24.29B.
Honeywell had beat expectations on Thursday, October 27, 2022 with third quarter EPS of $2.25 on revenue of $8.95B, for EPS of $2.16 on revenue of $8.99B.
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