Luna earnings

LUNA Stocktwits : Luna announced on Thursday that it had reported third quarter results which beat analyst estimates and revenue that exceeded expectations.

Luna reported the earnings of $0.09 on revenues of $29.15M. According to analysts polled Investing expected earnings per share of $0.05 on revenues of $29.06M.

Luna shares are down 53.92% from the beginning of the year and are trading at $5.17 , down-from-52-week-high.

Luna is followed by other important Information Technology sector earnings this month

Luna’s report comes after an increase in earnings by Apple on the 27th of October 2022. The company reported an EPS of $1.29 on revenues of $90.1B in comparison to the forecast for EPS of $1.26 on revenues of $88.76B.

Microsoft has surpassed expectations on Tuesday on October 25, 2022, with a first-quarter EPS of $2.35 on revenues of $50.1B which was higher than the estimates of EPS of $2.32 on revenues of $49.86B.

Keep track of all the earnings reports that are coming up by checking Investing earnings calendar.

Who are the founders of Terra?

Terra was created in January of 2018 with the help of Daniel Shin and Do Kwon. The two co-founders conceived Terra as a method to accelerate the adoption of blockchain technology and cryptocurrency with an emphasis on usability and stability of price. Kwon assumed the role as the CEO at Terraform Labs, the company that is behind Terra.

Prior to the creation of Terra, Shin co-founded and was the CEO of Ticket Monster which is also called TMON — which is a leading South Korean e-commerce platform. Shin was later a co-founder of Fast Track Asia, a startup incubator that works with entrepreneurs to create fully functional businesses.

Kwon was the founder and was the CEO of Anyfi the company that provides wireless mesh network solutions that are decentralized. Kwon has also been an engineer in software for Microsoft as well as Apple.

Following the demise of Terra Classic, Do Kwon came up with a plan to revive the company that eventually led to the brutal fork between Terra Classic as well as Terra. The plan was criticized for his ideas from Binance founders Changpeng Zhao and Vitalik Buterin and also from unhappy UST investors. The plan was put into place by the community, and Terra Classic hard forked into the new Terra cryptocurrency on 27 May 2022.

Terra Luna Returns vs. S&P