Informations Services Group plunges after results

Information Services

08/08/2022 17:43

** Information Services Group  III.O  shares down 16.84%, on
track for biggest daily pct drop since March 12, 2020
    ** Stock last trading at $6.37 after hitting six week low of
$6.335
    ** The tech research and advisory firm posted Q2 adjusted
EPS of 13 cents on revenue of $70.7 mln vs estimates of 10 cents
per share in EPS and $73.9 mln in revenue, per Refinitiv
estimates  urn:newsml:reuters.com:*:nASA03K1A
    ** III also said it is targeting Q3 revenue range of  $71
mln to $73 mln vs current estimate of $74.48 mln 
    ** Stock now below both its 50-day and 200-day moving
averages for the first time in about three weeks
    ** Last down 16.5% YTD, before Monday's decline, III shares
were up 0.5% on the year

 (Reporting by Chuck Mikolajczak)
 ((charles.mikolajczak@tr.com; @ChuckMik;))