Investing.com - Zedge reported on Tuesday first quarter earnings that beat analysts' forecasts and revenue that fell short of expectations.
Zedge announced earnings per share of $0.31 on revenue of $7.4M. Analysts polled by Investing.com anticipated EPS of $-0.04 on revenue of $8.43M.
Zedge shares are down 73.76% from the beginning of the year, still down 80.94% from its 52 week high of $11.70 set on November 16, 2021.
Zedge follows other major Communication Services sector earnings this month
Zedge's report follows an earnings missed by Alphabet C on October 25, who reported EPS of $1.06 on revenue of $69.09B, compared to forecasts EPS of $1.26 on revenue of $71B.
Tencent ADR had beat expectations on Tuesday with third quarter EPS of $0.47 on revenue of $19.92B, compared to forecast for EPS of $0.4463 on revenue of $20.14B.
Stay up-to-date on all of the upcoming earnings reports by visiting Investing.com's earnings calendar