EU and US could reach trade deal this weekend - Reuters
Investing.com - Lantronix reported on Thursday second quarter earnings that missed analysts' forecasts and revenue that fell short of expectations.
Lantronix announced earnings per share of $0.100 on revenue of $33.68M. Analysts polled by Investing.com EPS of $0.130 on revenue of $38.04M.
Lantronix 's are down 10% and is trading at $4.870 , still down 52.49% from its 52 week high of $10.25 set on Monday, November 8, 2021.
Lantronix follows other major Information Technology sector earnings this month
Lantronix's report follows an earnings missed by Oracle on Monday, September 12, 2022, who reported EPS of $1.03 on revenue of $11.45B, EPS of $1.07 on revenue of $11.33B.
Accenture had beat expectations on Thursday, September 22, 2022 with fourth quarter EPS of $2.6 on revenue of $15.42B, for EPS of $2.57 on revenue of $15.39B.
Stay up-to-date on all of the upcoming earnings reports by visiting Investing.com's earnings calendar