Investing.com - Xos reported on Thursday third quarter earnings that matched analysts' forecasts and revenue that fell short of expectations.
Xos announced earnings per share of $-0.140 on revenue of $11M. Analysts polled by Investing.com anticipated EPS of $-0.140 on revenue of $17.62M.
Xos shares are down 28.35% from the beginning of the year and are trading at $1.100 , down-from-52-week-high.
Xos follows other major Industrials sector earnings this month
Xos'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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