Matterport Q2 Adj EPS $(0.07) Beats $(0.08) Estimate, Sales $39.57M Beat $39.26M Estimate
Portfolio Pulse from vinayak@benzinga.com
Matterport (NASDAQ:MTTR) reported Q2 adjusted EPS of $(0.07), beating the estimate of $(0.08) by 12.5%. This is a 41.67% increase over losses from the same period last year. The company also reported quarterly sales of $39.57M, beating the estimate of $39.26M by 0.78%, a 38.92% increase over sales from the same period last year.
August 08, 2023 | 9:12 pm
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POSITIVE IMPACT
Matterport's Q2 results exceeded estimates with an EPS of $(0.07) and sales of $39.57M, representing YoY increases of 41.67% and 38.92% respectively.
Matterport's Q2 results exceeded analyst estimates, with both EPS and sales showing significant YoY growth. This positive financial performance could lead to a short-term increase in the company's stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100