Investing.com - Velodyne Lidar reported on Tuesday third quarter earnings that beat analysts' forecasts and revenue that topped expectations.
Velodyne Lidar announced earnings per share of $-0.13 on revenue of $9.64M. Analysts polled by Investing.com anticipated EPS of $-0.20 on revenue of $9.57M.
Velodyne Lidar shares are down 48.09% from the beginning of the year, still down 89.14% from its 52 week high of $7.83 set on November 9, 2021.
Velodyne Lidar follows other major Information Technology sector earnings this month
Velodyne Lidar's report follows an earnings beat by Apple on October 27, who reported EPS of $1.29 on revenue of $90.1B, compared to forecasts EPS of $1.26 on revenue of $88.76B.
Microsoft had beat expectations on October 25 with first quarter EPS of $2.35 on revenue of $50.1B, compared to forecast for EPS of $2.32 on revenue of $49.86B.
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