Investing.com - Reservoir Media reported on Tuesday third quarter earnings that missed analysts' forecasts and revenue that topped expectations.
Reservoir Media announced earnings per share of $0.070 on revenue of $33.27M. Analysts polled by Investing.com anticipated EPS of $0.083 on revenue of $30.86M.
Reservoir Media shares are down 35% from the beginning of the year, still down 89.07% from its 52 week high of $53.59 set on June 8.
Reservoir Media shares lost 2.66% in intra-day trade following the report.
Reservoir Media follows other major Communication Services sector earnings this month
Reservoir Media'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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