Investing.com - Descartes Systems reported on Wednesday second quarter earnings that beat analysts' forecasts and revenue that topped expectations.
Descartes Systems announced earnings per share of $0.27 on revenue of $123M. Analysts polled by Investing.com EPS of $0.2699 on revenue of $118.32M.
Descartes Systems 's are down 16% and is trading at $69.24 , still down 24.24% from its 52 week high of $91.39 set on Thursday, November 18, 2021.
Descartes Systems follows other major Information Technology sector earnings this month
Descartes Systems's report follows an earnings beat by NVIDIA on Wednesday, August 24, 2022, who reported EPS of $0.51 on revenue of $6.7B, EPS of $0.4991 on revenue of $6.7B.
Broadcom had beat expectations on Thursday, September 1, 2022 with third quarter EPS of $9.73 on revenue of $8.46B, for EPS of $9.56 on revenue of $8.41B.
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