Investing.com - Berkshire Grey reported on Monday third quarter earnings that beat analysts' forecasts and revenue that fell short of expectations.
Berkshire Grey announced earnings per share of $-0.110 on revenue of $23.6M. Analysts polled by Investing.com anticipated EPS of $-0.140 on revenue of $24.06M.
Berkshire Grey shares are down 45% from the beginning of the year, still down 82.67% from its 52 week high of $6.81 set on November 15, 2021.
Berkshire Grey shares gained 2.61% in intra-day trade following the report.
Berkshire Grey follows other major Industrials sector earnings this month
Berkshire Grey'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 $2.84 on revenue of $24.29B.
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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