Spotify (NYSE:SPOT) Tech reported first quarter earnings that beat analysts' expectations on Wednesday and revenue that fell short of forecasts.
The firm reported earnings per share of €-0.2 on revenue of €1.85B. Analysts polled by anticipated EPS of €-0.53 on revenue of €1,858M. That compared to EPS of €-0.79 on revenue of €1.51B in the same period a year earlier. The company had reported EPS of €-1.14 on revenue of €1.86B in the previous quarter.
Spotify Tech follows other major Technology sector earnings this month
On Tuesday, Alphabet C reported first quarter EPS of €9.87 on revenue of €41.16B, compared to forecasts of EPS of €10.26 on revenue of €40.99B.
Alphabet A earnings missed analysts' expectations on Tuesday, with first quarter EPS of €9.87 on revenue of €41.16B. analysts expected EPS of €10.71 on revenue of €40.99B
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