Investing.com - Franklin Wireless reported on Friday first quarter earnings that missed analysts' forecasts and revenue that fell short of expectations.
Franklin Wireless announced earnings per share of $-0.06 on revenue of $12.14M. Analysts polled by Investing.com anticipated EPS of $0.18 on revenue of $35.8M.
Franklin Wireless shares are down 34% from the beginning of the year and are trading at $2.860 , down-from-52-week-high.
Franklin Wireless follows other major Information Technology sector earnings this month
Franklin Wireless'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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