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Shift Tech Inc.

About Shift Tech Inc.

Provider of web based services. The company offers the development of templates and designs for online use, mobile application development and other online portal or platform services.

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Latest Shift Tech Inc. News

Shift Tech (SFT) Reports Q3 Loss, Tops Revenue Estimates

Nov 9, 2022

Nasdaq By Zacks Shift Tech (SFT) came out with a quarterly loss of $0.67 per share versus the Zacks Consensus Estimate of a loss of $0.53. This compares to loss of $0.48 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of -26.42%. A quarter ago, it was expected that this company would post a loss of $0.56 per share when it actually produced a loss of $0.59, delivering a surprise of -5.36%. Over the last four quarters, the company has surpassed consensus EPS estimates just once. AD AD Shift Tech, which belongs to the Zacks Internet - Commerce industry, posted revenues of $161.87 million for the quarter ended September 2022, surpassing the Zacks Consensus Estimate by 3.15%. This compares to year-ago revenues of $179.8 million. The company has topped consensus revenue estimates three times over the last four quarters. The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call.

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