Cyngn Earnings beat, Revenue misses In Q3
Investing.com - Cyngn reported on Wednesday third quarter earnings that beat analysts' forecasts and revenue that fell short of expectations.
Cyngn announced earnings per share of $-0.16 on revenue of $0.00. Analysts polled by Investing.com anticipated EPS of $-0.20 on revenue of $100K.
Cyngn shares are up 86.39% from the beginning of the year and are trading at $0.83 , down-from-52-week-high.
Cyngn follows other major Information Technology sector earnings this month
Cyngn's report follows an earnings beat by Apple on Thursday, October 27, 2022, 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 Tuesday, October 25, 2022 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.
Stay up-to-date on all of the upcoming earnings reports by visiting Investing.com's earnings calendar
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