Investing.com - Kaspien Holdings reported on Tuesday second quarter earnings that missed analysts' forecasts and revenue that fell short of expectations.
Kaspien Holdings announced earnings per share of $-1.69 on revenue of $33.91M. Analysts polled by Investing.com anticipated EPS of $-0.47 on revenue of $39.34M.
Kaspien Holdings shares are down 70% from the beginning of the year, still down 86.38% from its 52 week high of $21.00 set on September 15, 2021.
Kaspien Holdings follows other major Information Technology sector earnings this month
Kaspien Holdings's report follows an earnings beat by NVIDIA on August 24, who reported EPS of $0.51 on revenue of $6.7B, compared to forecasts EPS of $0.4991 on revenue of $6.7B.
Broadcom had beat expectations on September 1 with third quarter EPS of $9.73 on revenue of $8.46B, compared to forecast for EPS of $9.56 on revenue of $8.41B.
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