Desktop Metal Q2 Adj EPS $(0.06) Misses $(0.05) Estimate, Sales $53.29M Miss $57.35M Estimate
Portfolio Pulse from totan@benzinga.com
Desktop Metal (NYSE:DM) reported Q2 losses of $(0.06) per share, missing the analyst consensus estimate of $(0.05) by 20%. The company also reported quarterly sales of $53.29 million, missing the analyst consensus estimate of $57.35 million by 7.09%. This represents a 7.61% decrease over sales of $57.67 million the same period last year.
August 04, 2023 | 2:23 pm
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NEGATIVE IMPACT
Desktop Metal's Q2 earnings and sales missed estimates, which could negatively impact its stock price.
Desktop Metal's Q2 earnings and sales fell short of analyst estimates, which could lead to a decrease in investor confidence and a potential drop in the company's stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100