Spotify Tech reported third quarter earnings that beat analysts' expectations on Monday and revenue that topped forecasts.
The firm reported earnings per share of $0.36 on revenue of $1.73B. Analysts polled by expected EPS of $-0.32 on revenue of $1,722M. That compared to EPS of $0.23 on revenue of $1.35B in the same period a year earlier. The company had reported EPS of $-0.42 on revenue of $1.67B in the previous quarter.
Spotify Tech follows other major Technology sector earnings this month
On Wednesday, Microsoft reported first quarter EPS of $1.38 on revenue of $33.06B, compared to forecasts of EPS of $1.25 on revenue of $32.15B.
Taiwan Semiconductor earnings beat analysts' expectations on October 17, with third quarter EPS of $0.64 on revenue of $9.58B. analysts expected EPS of $0.61 on revenue of $9.25B
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