Investing.com - Kornit Digital (NASDAQ:KRNT) Ltd reported on Wednesday third quarter earnings that beat analysts' forecasts and revenue that topped expectations.
Kornit Digital Ltd announced earnings per share of $-0.10 on revenue of $72.4M. Analysts polled by Investing.com anticipated EPS of $-0.15 on revenue of $68.1M.
Kornit Digital Ltd shares are down 16.73% from the beginning of the year, still down 86.64% from its 52 week high of $181.38 set on November 19, 2021.
Kornit Digital Ltd shares lost 4.25% in pre-market trade following the report.
Kornit Digital Ltd follows other major Industrials sector earnings this month
Kornit Digital Ltd's report follows an earnings beat by United Parcel Service on October 25, who reported EPS of $2.99 on revenue of $24.59B, compared to forecasts EPS of $2.86 on revenue of $24.4B.
Honeywell had beat expectations on October 27 with third quarter EPS of $2.25 on revenue of $8.95B, compared to forecast for EPS of $2.16 on revenue of $8.99B.
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