Investing.com - Quantum reported on Wednesday third quarter earnings that missed analysts' forecasts and revenue that fell short of expectations.
Quantum announced earnings per share of $-0.22 on revenue of $37.65K. Analysts polled by Investing.com EPS of $-0.16 on revenue of $200K.
Quantum 's are down 35% and is trading at $2.19 , still down 62.69% from its 52 week high of $5.87 set on Monday, November 29, 2021.
Quantum follows other major Information Technology sector earnings this month
Quantum's report follows an earnings missed by NVIDIA on Wednesday, November 16, 2022, who reported EPS of $0.58 on revenue of $5.93B, EPS of $0.71 on revenue of $5.8B.
Cisco had beat expectations on Wednesday, November 16, 2022 with first quarter EPS of $0.86 on revenue of $13.6B, for EPS of $0.84 on revenue of $13.29B.
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