Investing.com - Vimeo (NASDAQ:VMEO) reported on Wednesday third quarter earnings that beat analysts' forecasts and revenue that topped expectations.
Vimeo announced earnings per share of $-0.13 on revenue of $108.1M. Analysts polled by Investing.com anticipated EPS of $-0.17 on revenue of $105.83M.
Vimeo shares are up 17.79% from the beginning of the year and are trading at $3.66 , down-from-52-week-high.
Vimeo follows other major Communication Services sector earnings this month
Vimeo's report follows an earnings missed by Alphabet C on October 25, who reported EPS of $1.06 on revenue of $69.09B, compared to forecasts EPS of $1.28 on revenue of $71.34B.
Meta Platforms had missed expectations on October 26 with third quarter EPS of $1.64 on revenue of $27.71B, compared to forecast for EPS of $1.93 on revenue of $27.57B.
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