Investing.com - SPS Commerce reported on Thursday third quarter earnings that beat analysts' forecasts and revenue that topped expectations.
SPS Commerce announced earnings per share of $0.63 on revenue of $114.50. Analysts polled by Investing.com anticipated EPS of $0.52 on revenue of $114.01M.
SPS Commerce shares are down 18% from the beginning of the year , still down 25.31% from its 52 week high of $174.42 set on Thursday, October 28, 2021.
SPS Commerce shares lost 0.21% in after-hours trade the report.
SPS Commerce follows other major Information Technology sector earnings this month
SPS Commerce's report follows an earnings beat by Apple on Thursday, 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 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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