Investing.com - Freja eID Group AB reported on Thursday third quarter earnings that missed analysts' forecasts and revenue that fell short of expectations.
Freja eID Group AB announced earnings per share of kr-0.57 on revenue of kr6.74M. Analysts polled by Investing.com anticipated EPS of kr-0.4177 on revenue of kr7.04M.
Freja eID Group AB shares are down 57% from the beginning of the year and are trading at kr7.10 , down-from-52-week-high.They are under-performing the Nasdaq which is down 24.67% from the start of the year.
Freja eID Group AB follows other major Information Technology sector earnings this month
Freja eID Group AB's report follows an earnings beat by Fortnox on August 19, who reported EPS of kr0.13 on revenue of kr308M, compared to forecasts EPS of kr0.1288 on revenue of kr301.53M.
Sinch AB had beat expectations on Wednesday with second quarter EPS of kr-0.05 on revenue of kr6.62B, compared to forecast for EPS of kr-0.1067 on revenue of kr6.67B.
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