Matterport Sees Q4 EPS $(0.05)-$(0.03) Vs $(0.05) Est.; Revenue $39M-$41M Vs $40.24M Est.; FY23 EPS $(0.23)-$(0.21) Vs $(0.25) Est.; Revenue $157M-$159M Vs $156.86M Est.
Portfolio Pulse from Benzinga Newsdesk
Matterport has raised its full year guidance for revenue and Non-GAAP loss per share for 2023, driven by strong demand for digital twins, robust gross margins, and continued operating discipline. The company expects Q4 EPS to be between $(0.05) and $(0.03), and revenue to be between $39M and $41M. For FY23, EPS is expected to be between $(0.23) and $(0.21), and revenue between $157M and $159M.
November 06, 2023 | 10:00 pm
News sentiment analysis
Sort by:
Ascending
POSITIVE IMPACT
Matterport has raised its FY23 guidance, which could positively impact its stock price. The company's Q4 EPS is expected to be between $(0.05) and $(0.03), and revenue between $39M and $41M. For FY23, EPS is expected to be between $(0.23) and $(0.21), and revenue between $157M and $159M.
Matterport's raised guidance for FY23 indicates strong performance and could lead to increased investor confidence, potentially driving the stock price up in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100