Investing.com - Ideanomics reported on Friday third quarter earnings that beat analysts' forecasts and revenue that fell short of expectations.
Ideanomics announced earnings per share of $-0.02 on revenue of $31M. Analysts polled by Investing.com anticipated EPS of $-0.05 on revenue of $33.2M.
Ideanomics shares are down 49% from the beginning of the year and are trading at $0.607 , down-from-52-week-high.They are under-performing the Nasdaq which is down 25.66% from the start of the year.
Ideanomics follows other major Industrials sector earnings this month
Ideanomics's report follows an earnings missed by Deere&Company on August 19, who reported EPS of $6.16 on revenue of $13B, compared to forecasts EPS of $6.65 on revenue of $12.93B.
Siemens ADR had missed expectations on August 11 with third quarter EPS of $-1.07 on revenue of $18.48B, compared to forecast for EPS of $-0.3269 on revenue of $17.68B.
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