Desktop Metal: Q3 Earnings Insights
Portfolio Pulse from Benzinga Insights
Desktop Metal (NYSE:DM) reported Q3 earnings, missing estimated earnings by 100.0% with an EPS of $-0.08 versus an estimate of $-0.04. Revenue was down $4.34 million from the same period last year. Last quarter, the company also missed on EPS by $0.01, which was followed by a 3.31% drop in the share price the next day.
November 09, 2023 | 11:15 am
News sentiment analysis
Sort by:
Ascending
NEGATIVE IMPACT
Desktop Metal's Q3 earnings missed estimates significantly, which could negatively impact the stock price in the short term, as seen in the previous quarter.
Desktop Metal's earnings miss is a negative signal to investors, which could lead to selling pressure and a decrease in the stock price. This is especially relevant given the company's history of stock price drops following earnings misses.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100