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Investing.com - Pixelworks reported on Monday third quarter earnings that beat analysts' forecasts and revenue that fell short of expectations.
Pixelworks announced earnings per share of $-0.060 on revenue of $17.55M. Analysts polled by Investing.com EPS of $-0.067 on revenue of $19.83M.
Pixelworks 's are up 100% and is trading at $1.400 , still down 76.45% from its 52 week high of $5.95 set on Friday, November 19, 2021.
Pixelworks follows other major Information Technology sector earnings this month
Pixelworks'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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