Investing.com - GSI Technology reported on Thursday second quarter earnings that beat analysts' forecasts and revenue that fell short of expectations.
GSI Technology announced earnings per share of $-0.130 on revenue of $8.950. Analysts polled by Investing.com anticipated EPS of $-0.160 on revenue of $9.5M.
GSI Technology shares are down 18% from the beginning of the year and are trading at $2.000 , down-from-52-week-high.
GSI Technology follows other major Information Technology sector earnings this month
GSI Technology's report follows an earnings beat by Apple on Thursday, 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 Tuesday 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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