Investing.com - Arbe Robotics reported on Monday third quarter earnings that beat analysts' forecasts and revenue that fell short of expectations.
Arbe Robotics announced earnings per share of $-0.11 on revenue of $1.26M. Analysts polled by Investing.com anticipated EPS of $-0.16 on revenue of $2.53M.
Arbe Robotics shares are up 3.5% from the beginning of the year and are trading at $4.31 , down-from-52-week-high.
Arbe Robotics follows other major Information Technology sector earnings this month
Arbe Robotics's report follows an earnings beat by Apple on October 27, who reported EPS of $1.29 on revenue of $90.1B, compared to forecasts EPS of $1.26 on revenue of $88.76B.
Microsoft had beat expectations on October 25 with first quarter EPS of $2.35 on revenue of $50.1B, compared to forecast for EPS of $2.32 on revenue of $49.86B.
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