Investing.com - Contextlogic reported on Wednesday third quarter earnings that missed analysts' forecasts and revenue that fell short of expectations.
Contextlogic announced earnings per share of $-0.18 on revenue of $125M. Analysts polled by Investing.com anticipated EPS of $-0.16 on revenue of $212.68M.
Contextlogic shares are down 19% from the beginning of the year and are trading at $0.64 , down-from-52-week-high.
Contextlogic shares gained 1.59% in after-hours trade the report.
Contextlogic follows other major Consumer Discretionary sector earnings this month
Contextlogic'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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