Orbital Infrastructure Group missed Investing.com’s earnings and revenue estimates for the quarter

Orbital Infrastructure Group (NASDAQ: OIG) released its financial statements for the first quarter, in which it was below expectations and revenues that missed the expectations of the analysts.

The company reported earnings per share of $-0.550 and revenue of $58.22M. Investing.com analysts expected EPS of $-0.030 and revenue of $89.5M.

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Orbital Infrastructure Group’s share price has fallen 45% since the beginning of the year, and is now still 93.70% below its 52-week high of $1.70 set for April 12, 2022.

After the publication of the reports, Orbital Infrastructure Group shed its value 0.65% and trades at a rate of $0.107 during trading.

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