Matterport shares are trading higher after the company reported better-than-expected Q3 financial results and issued guidance.
Portfolio Pulse from Benzinga Newsdesk
Matterport reported better-than-expected Q3 financial results and issued guidance, leading to a rise in its share price.
November 07, 2023 | 5:37 pm
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Matterport's Q3 results exceeded expectations and the company issued guidance, causing its stock to trade higher.
Matterport's better-than-expected Q3 results and the issuance of guidance are positive indicators for the company's performance, which has led to an increase in its stock price. This news is highly relevant and important for investors, leading to a positive short-term impact on the stock.
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