Investing.com - Fronteo reported on Friday second quarter earnings that missed analysts' forecasts and revenue that fell short of expectations.
Fronteo announced earnings per share of $0.01 on revenue of $27.55M. Analysts polled by Investing.com anticipated EPS of $0.13 on revenue of $31.20M.
Fronteo shares are down 10.42% from the beginning of the year and are trading at $5.59 , down-from-52-week-high.They are under-performing the EUR/USD which is down 0% from the start of the year.
Fronteo follows other major Technology sector earnings this month
Fronteo's report follows an earnings beat by Apple on July 30, who reported EPS of $2.58 on revenue of $59.69B, compared to forecasts EPS of $2.05 on revenue of $52.29B.
Microsoft had beat expectations on July 22 with fourth quarter EPS of $1.46 on revenue of $38.03B, compared to forecast for EPS of $1.34 on revenue of $36.54B.
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