Investing.com - Allied Esports Entertainment reported on Wednesday third quarter earnings that beat analysts' forecasts and revenue that topped expectations.
Allied Esports Entertainment announced earnings per share of $-0.040 on revenue of $1.57M. Analysts polled by Investing.com anticipated EPS of $-0.050 on revenue of $0.00.
Allied Esports Entertainment shares are down 25% from the beginning of the year and are trading at $1.270 , down-from-52-week-high.
Allied Esports Entertainment follows other major Consumer Discretionary sector earnings this month
Allied Esports Entertainment'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 on revenue of $21.98B.
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