Investing.com - Ion Acquisition 2 reported on Friday third quarter earnings that missed analysts' forecasts and revenue that fell short of expectations.
Ion Acquisition 2 announced earnings per share of $-0.090 on revenue of $34.5M. Analysts polled by Investing.com anticipated EPS of $-0.050 on revenue of $36.5M.
Ion Acquisition 2 shares are down 49.47% from the beginning of the year, still down 66.40% from its 52 week high of $10.00 set on November 16, 2021.
Ion Acquisition 2 follows other major Communication Services sector earnings this month
Ion Acquisition 2's report follows an earnings missed by Alphabet C on October 25, who reported EPS of $1.06 on revenue of $69.09B, compared to forecasts EPS of $1.28 on revenue of $71.34B.
Meta Platforms had missed expectations on October 26 with third quarter EPS of $1.64 on revenue of $27.71B, compared to forecast for EPS of $1.93 on revenue of $27.57B.
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