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Investing.com - Priority Tech reported on Thursday third quarter earnings that missed analysts' forecasts and revenue that fell short of expectations.
Priority Tech announced earnings per share of $-0.130 on revenue of $132.5M. Analysts polled by Investing.com EPS of $-0.070 on revenue of $169.96M.
Priority Tech 's are down 24% and is trading at $4.100 , still down 44.67% from its 52 week high of $7.79 set on Tuesday, December 7, 2021.
Priority Tech shares lost 4.87% to trade at $4.100 in pre-market trade the report.
Priority Tech follows other major Information Technology sector earnings this month
Priority Tech'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