Investing.com - American Virtual Cloud reported on Wednesday second quarter earnings that beat analysts' forecasts and revenue that fell short of expectations.
American Virtual Cloud announced earnings per share of $-2.270 on revenue of $4.74M. Analysts polled by Investing.com anticipated EPS of $-10.200 on revenue of $25.97M.
American Virtual Cloud shares are down 97% from the beginning of the year and are trading at $0.960 , down-from-52-week-high.
American Virtual Cloud follows other major Information Technology sector earnings this month
American Virtual Cloud's report follows an earnings missed by NVIDIA on November 16, who reported EPS of $0.58 on revenue of $5.93B, compared to forecasts EPS of $0.71 on revenue of $5.8B.
Cisco had beat expectations on November 16 with first quarter EPS of $0.86 on revenue of $13.6B, compared to forecast for EPS of $0.84 on revenue of $13.29B.
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