Investing.com - Innoviz Technologies reported on Wednesday third quarter earnings that missed analysts' forecasts and revenue that topped expectations.
Innoviz Technologies announced earnings per share of $-0.69 on revenue of $4.45M. Analysts polled by Investing.com EPS of $-0.24 on revenue of $2.08M.
Innoviz Technologies 's are down 16.73% and is trading at $4.40 , still down 46.58% from its 52 week high of $8.03 set on Monday, November 22, 2021.
Innoviz Technologies shares gained 2.56% to trade at $4.40 in pre-market trade the report.
Innoviz Technologies follows other major Information Technology sector earnings this month
Innoviz Technologies'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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