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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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