Desktop Metal Q3 Adj $(0.08) Misses $(0.05) Estimate, Sales $42.75M Miss $49.77M Estimate
Portfolio Pulse from Benzinga Newsdesk
Desktop Metal (NYSE:DM) reported Q3 losses of $(0.08) per share, missing the analyst consensus estimate of $(0.05) by 60%. The company also reported quarterly sales of $42.75 million, missing the analyst consensus estimate of $49.77 million by 14.11%. This represents a 20% increase in losses and a 9.21% decrease in sales compared to the same period last year.
November 09, 2023 | 11:30 am
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NEGATIVE IMPACT
Desktop Metal's Q3 results missed estimates, with increased losses and decreased sales compared to the same period last year.
Desktop Metal's Q3 results missed analyst estimates, with losses per share and sales both coming in lower than expected. This could negatively impact investor sentiment and put downward pressure on the stock in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100