Investing.com - Clarus (NASDAQ:CLAR) reported on Monday third quarter earnings that beat analysts' forecasts and revenue that fell short of expectations.
Clarus announced earnings per share of $0.26 on revenue of $115.7M. Analysts polled by Investing.com anticipated EPS of $0.16 on revenue of $118.26M.
Clarus shares are up 6% from the beginning of the year, still down 63.69% from its 52 week high of $30.32 set on November 8, 2021.
Clarus shares lost 24.61% in after-hours trade following the report.
Clarus follows other major Consumer Discretionary sector earnings this month
Clarus's report follows an earnings beat by Amazon.com on October 27, who reported EPS of $0.28 on revenue of $127.1B, compared to forecasts EPS of $0.22 on revenue of $127.76B.
Tesla had beat expectations on October 19 with third quarter EPS of $1.05 on revenue of $21.45B, compared to forecast for EPS of $1.03 on revenue of $22.5B.
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