Investing.com - Allbirds reported on Tuesday third quarter earnings that beat analysts' forecasts and revenue that topped expectations.
Allbirds announced earnings per share of $-0.15 on revenue of $72.7M. Analysts polled by Investing.com anticipated EPS of $-0.17 on revenue of $67.78M.
Allbirds shares are down 48.09% from the beginning of the year and are trading at $2.80 , down-from-52-week-high.
Allbirds follows other major Consumer Discretionary sector earnings this month
Allbirds's report follows an earnings beat by Amazon.com on October 27, who reported EPS of $0.28 on revenue of $127.1B, compared to forecasts EPS of $0.22 on revenue of $127.76B.
Tesla had beat expectations on October 19 with third quarter EPS of $1.05 on revenue of $21.45B, compared to forecast for EPS of $1.03 on revenue of $22.5B.
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