Investing.com - SPI Energy reported on Monday first quarter earnings that beat analysts' forecasts and revenue that fell short of expectations.
SPI Energy announced earnings per share of $-0.27 on revenue of $38.5M. Analysts polled by Investing.com anticipated EPS of $-0.41 on revenue of $46.9M.
SPI Energy shares are down 47.92% from the beginning of the year, still down 78.10% from its 52 week high of $8.59 set on June 9, 2021. They are under-performing the Nasdaq which is down 24.54% from the start of the year.
SPI Energy follows other major Information Technology sector earnings this month
SPI Energy's report follows an earnings beat by Apple on April 28, who reported EPS of $1.52 on revenue of $97.28B, compared to forecasts EPS of $1.42 on revenue of $94.03B.
Microsoft had beat expectations on April 26 with third quarter EPS of $2.22 on revenue of $49.36B, compared to forecast for EPS of $2.19 on revenue of $49.02B.
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