Investing.com - Ebix reported on Wednesday third quarter earnings that beat analysts' forecasts and revenue that topped expectations.
Ebix announced earnings per share of $0.71 on revenue of $257.9M. Analysts polled by Investing.com anticipated EPS of $0.70 on revenue of $242.9M.
Ebix shares are down 16.73% from the beginning of the year and are trading at $16.46 , down-from-52-week-high.
Ebix shares lost 2.37% in pre-market trade the report.
Ebix follows other major Information Technology sector earnings this month
Ebix'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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