Cognite Software missed profit forecasts and beat revenue forecasts for the quarter

Cognate Software (NASDAQ: CGNT) released its financial statements for the first quarter, in which it was lower than expected and revenues that exceeded the expectations of the analysts.

The company reported earnings per share of $-0.16 and revenue of $73.6M. Investing.com analysts expected EPS of $-0.12 and revenue of $67.87M.

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Cognate Software’s stock price is up 9% year-to-date, and is now still 59.36% off its 52-week high of $8.39 set for April 20, 2022.

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