mCloud Technologies Corp reports results for the quarter ended in September - Earnings Summary

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 mCloud Technologies Corp reports results for the quarter ended in September - Earnings Summary
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* mCloud Technologies Corp reported a quarterly adjusted loss of 54 cents​​ per share for the quarter ended in September. The mean expectation of two analysts for the quarter was for a loss of 75 cents per share. * Revenue fell 60.4% to C$2.91 million from a year ago; analysts expected C$9.51 million. * mCloud Technologies Corp's reported EPS for the quarter was a loss of 53 cents​. * The mean earnings estimate of analysts had fallen by about 31.3% in the last three months.​ * In the last 30 days there have been no negative revisions of earnings estimates * mCloud Technologies Corp shares had fallen by 40.4% this quarter and lost 81.0% so far this year. * The company reported a quarterly loss of C$8.54 million. * Wall Street's median 12-month price target for mCloud Technologies Corp is C$4.00 * The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 3 "strong buy" or "buy," no "hold" and no "sell" or "strong sell." This summary was machine generated from Refinitiv data November 15 at 05:11 p.m. ​All figures in Canadian dollars unless otherwise stated. QUARTER ENDING ESTIMATE ACTUAL BEAT, MET, MISSED Sep. 30 2022 -0.75 -0.54 Beat Jun. 30 2022 -0.79 -0.65 Beat Mar. 31 2022 -1.00 -0.76 Beat Dec. 31 2021 -0.72 -1.20 Missed


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