Investing.com - Quantum reported on Wednesday first quarter earnings that missed analysts' forecasts and revenue that topped expectations.
Quantum announced earnings per share of $-0.13 on revenue of $97.07M. Analysts polled by Investing.com EPS of $-0.04 on revenue of $96.44M.
Quantum 's are down 48% and is trading at $1.570 , still down 78.93% from its 52 week high of $7.45 set on Friday, November 5, 2021.
Quantum follows other major Information Technology sector earnings this month
Quantum's report follows an earnings beat by NVIDIA on Wednesday, August 24, 2022, who reported EPS of $0.51 on revenue of $6.7B, EPS of $0.4991 on revenue of $6.7B.
Cisco had beat expectations on Wednesday, August 17, 2022 with fourth quarter EPS of $0.83 on revenue of $13.1B, for EPS of $0.8162 on revenue of $12.73B.
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