Investing.com - Ideanomics reported on Wednesday third quarter earnings that missed analysts' forecasts and revenue that fell short of expectations.
Ideanomics announced earnings per share of $-0.080 on revenue of $24.28M. Analysts polled by Investing.com anticipated EPS of $-0.070 on revenue of $80.5M.
Ideanomics shares are up 86.39% from the beginning of the year and are trading at $0.217 , down-from-52-week-high.
Ideanomics follows other major Industrials sector earnings this month
Ideanomics's report follows an earnings beat by United Parcel Service on October 25, who reported EPS of $2.99 on revenue of $24.59B, compared to forecasts EPS of $2.86 on revenue of $24.4B.
Honeywell had beat expectations on October 27 with third quarter EPS of $2.25 on revenue of $8.95B, compared to forecast for EPS of $2.16 on revenue of $8.99B.
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