Cyxtera Technologies Third Quarter 2022 Earnings: EPS Misses Expectations
Cyxtera Technologies (NASDAQ:CYXT) Third Quarter 2022 Results
Key Financial Results
Revenue: US$186.6m (up 5.4% from 3Q 2021).
Net loss: US$55.9m (loss widened by 20% from 3Q 2021).
US$0.31 loss per share.
All figures shown in the chart above are for the trailing 12 month (TTM) period
Cyxtera Technologies EPS Misses Expectations
Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 38%.
Looking ahead, revenue is forecast to grow 5.7% p.a. on average during the next 3 years, compared to a 11% growth forecast for the IT industry in the US.
Performance of the American IT industry.
The company's shares are down 11% from a week ago.
Risk Analysis
You still need to take note of risks, for example - Cyxtera Technologies has 3 warning signs we think you should be aware of.
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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
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