Investing.com - AudioEye (NASDAQ:AEYE) reported on Thursday first quarter earnings that beat analysts' forecasts and revenue that topped expectations.
AudioEye announced earnings per share of $-0.16 on revenue of $6.5M. Analysts polled by Investing.com anticipated EPS of $-0.3061 on revenue of $6.41M.
AudioEye shares are down 18.8% from the beginning of the year and are trading at $5.70 , down-from-52-week-high.They are under-performing the Nasdaq which is down 16.08% from the start of the year.
AudioEye follows other major Information Technology sector earnings this month
AudioEye's report follows an earnings beat by NVIDIA on Wednesday, February 16, 2022, who reported EPS of $1.32 on revenue of $7.64B, compared to forecasts EPS of $1.23 on revenue of $7.42B.
Broadcom had beat expectations on Thursday, March 3, 2022 with first quarter EPS of $8.39 on revenue of $7.71B, compared to forecast for EPS of $8.13 on revenue of $7.61B.
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