Investing.com - Cepton reported on Tuesday second quarter earnings that beat analysts' forecasts and revenue that fell short of expectations.
Cepton announced earnings per share of $-0.080 on revenue of $1.8M. Analysts polled by Investing.com EPS of $-0.098 on revenue of $2.18M.
Cepton 's are down 48.09% and is trading at $1.940 , still down 97.58% from its 52 week high of $80.16 set on Thursday, February 17, 2022.
Cepton follows other major Information Technology sector earnings this month
Cepton'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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