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Investing.com - FTC Solar reported on Wednesday third quarter earnings that missed analysts' forecasts and revenue that fell short of expectations.
FTC Solar announced earnings per share of $-0.25 on revenue of $16.57M. Analysts polled by Investing.com EPS of $-0.14 on revenue of $27.68M.
FTC Solar 's are down 16.73% and is trading at $1.87 , still down 83.48% from its 52 week high of $11.20 set on Monday, November 15, 2021.
FTC Solar shares gained 1.08% to trade at $1.87 in pre-market trade the report.
FTC Solar follows other major Industrials sector earnings this month
FTC Solar'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 $2.86 on revenue of $24.4B.
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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