Spotify (NYSE:SPOT) reported first quarter earnings that missed analysts' expectations on Monday and revenue that topped forecasts.
The firm reported earnings per share of $-0.79 on revenue of $1.51B. Analysts polled by forecast EPS of $-0.39 on revenue of $1,467M. That compared to EPS of $-1.21 on revenue of $1.36B in the same period a year earlier. The company had reported EPS of $0.36 on revenue of $1.5B in the previous quarter.
Spotify Tech follows other major Technology sector earnings this month
On Wednesday, Microsoft reported third quarter EPS of $1.14 on revenue of $30.57B, compared to forecasts of EPS of $1 on revenue of $29.88B.
Facebook earnings missed analysts' expectations on Wednesday, with first quarter EPS of $0.85 on revenue of $15.08B. analysts expected EPS of $1.62 on revenue of $14.98B
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