Investing.com - Ebix reported on Wednesday third quarter earnings that beat analysts' forecasts and revenue that topped expectations.
Ebix announced earnings per share of $0.71 on revenue of $257.9M. Analysts polled by Investing.com anticipated EPS of $0.70 on revenue of $242.9M.
Ebix shares are down 16.73% from the beginning of the year and are trading at $16.46 , down-from-52-week-high.
Ebix shares lost 2.37% in pre-market trade following the report.
Ebix follows other major Information Technology sector earnings this month
Ebix'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.
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