Broadcom named strategic vendor for Walmart virtualization solutions
Investing.com - Ondas reported on Monday third quarter earnings that missed analysts' forecasts and revenue that fell short of expectations.
Ondas announced earnings per share of $-0.320 on revenue of $630K. Analysts polled by Investing.com EPS of $-0.220 on revenue of $1.37M.
Ondas 's are down 19.03% and is trading at $3.700 , still down 67.44% from its 52 week high of $11.70 set on Monday, November 15, 2021.
Ondas shares lost 2.89% to trade at $3.700 in pre-market trade the report.
Ondas follows other major Information Technology sector earnings this month
Ondas'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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