Investing.com - Cantaloupe reported on Thursday first quarter earnings that missed analysts' forecasts and revenue that topped expectations.
Cantaloupe announced earnings per share of $-0.03 on revenue of $58M. Analysts polled by Investing.com anticipated EPS of $-0.0125 on revenue of $56.34M.
Cantaloupe shares are down 16.15% from the beginning of the year and are trading at $5.45 , down-from-52-week-high.They are outperforming the Nasdaq which is down 24.18% from the start of the year.
Cantaloupe follows other major Information Technology sector earnings this month
Cantaloupe's report follows an earnings beat by NVIDIA on August 24, who reported EPS of $0.51 on revenue of $6.7B, compared to forecasts EPS of $0.4991 on revenue of $6.7B.
Broadcom had beat expectations on September 1 with third quarter EPS of $9.73 on revenue of $8.46B, compared to forecast for EPS of $9.56 on revenue of $8.41B.
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