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Investing.com - Sumo Logic reported on Monday third quarter earnings that beat analysts' forecasts and revenue that topped expectations.
Sumo Logic announced earnings per share of $-0.04 on revenue of $79M. Analysts polled by Investing.com EPS of $-0.15 on revenue of $74.21M.
Sumo Logic 's are down 46% and is trading at $8.03 , still down 56.14% from its 52 week high of $16.44 set on Wednesday, December 8, 2021.
Sumo Logic shares gained 11.37% to trade at $8.03 in after-hours trade the report.
Sumo Logic follows other major Information Technology sector earnings this month
Sumo Logic'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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