Materialise Q3 EPS $0.07 Beats $0.01 Estimate, Sales $63.70M Miss $66.90M Estimate
Portfolio Pulse from Benzinga Newsdesk
Materialise (NASDAQ:MTLS) reported Q3 earnings of $0.07 per share, beating the analyst consensus estimate of $0.01 by 600%. However, the company's quarterly sales of $63.70 million missed the analyst consensus estimate of $66.90 million by 4.78%. This represents a 250% increase in earnings and a 12.11% increase in sales compared to the same period last year.
October 26, 2023 | 10:33 am
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Materialise's Q3 earnings beat estimates significantly, but sales missed expectations. This mixed result could lead to uncertainty in the market.
Materialise's earnings beat estimates by a significant margin, which is a positive signal for investors. However, the company's sales missed estimates, which could be a cause for concern. The mixed results could lead to uncertainty in the market, making it difficult to predict the short-term price direction.
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