Investing.com - Monday.Com reported on Monday third quarter earnings that beat analysts' forecasts and revenue that topped expectations.
Monday.Com announced earnings per share of $0.05 on revenue of $136.9M. Analysts polled by Investing.com anticipated EPS of $-0.54 on revenue of $130.36M.
Monday.Com shares are up 3.5% from the beginning of the year, still down 77.31% from its 52 week high of $419.57 set on November 17, 2021.
Monday.Com follows other major Information Technology sector earnings this month
Monday.Com'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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