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Investing.com - Lantronix reported on Wednesday first quarter earnings that missed analysts' forecasts and revenue that fell short of expectations.
Lantronix announced earnings per share of $0.070 on revenue of $31.8M. Analysts polled by Investing.com EPS of $0.103 on revenue of $35.14M.
Lantronix 's are up 86.39% and is trading at $3.840 , still down 61.23% from its 52 week high of $9.90 set on Wednesday, November 10, 2021.
Lantronix follows other major Information Technology sector earnings this month
Lantronix'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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