Investing.com - Ultralife reported on Thursday third quarter earnings that missed analysts' forecasts and revenue that topped expectations.
Ultralife announced earnings per share of $-0.010 on revenue of $33.230. Analysts polled by Investing.com anticipated EPS of $0.100 on revenue of $33M.
Ultralife shares are down 39% from the beginning of the year , still down 23.77% from its 52 week high of $6.48 set on Monday, November 1, 2021.
Ultralife follows other major Industrials sector earnings this month
Ultralife's report follows an earnings beat by United Parcel Service on Tuesday, who reported EPS of $2.99 on revenue of $24.2B, compared to forecasts EPS of $2.86 on revenue of $24.4B.
Raytheon Technologies had beat expectations on Tuesday with third quarter EPS of $1.21 on revenue of $17B, compared to forecast for EPS of $1.14 on revenue of $17.31B.
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