Investing.com - Navitas Semiconductor reported on Wednesday third quarter earnings that matched analysts' forecasts and revenue that topped expectations.
Navitas Semiconductor announced earnings per share of $-0.070 on revenue of $10.24M. Analysts polled by Investing.com EPS of $-0.070 on revenue of $9.95M.
Navitas Semiconductor 's are up 4.35% and is trading at $4.000 , still down 81.97% from its 52 week high of $22.19 set on Monday, November 15, 2021.
Navitas Semiconductor follows other major Information Technology sector earnings this month
Navitas Semiconductor'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.
Stay up-to-date on all of the upcoming earnings reports by visiting Investing.com's earnings calendar