Markforged Holding Q3 Adj $(0.07) Beats $(0.08) Estimate, Sales $20.07M Miss $20.11M Estimate
Portfolio Pulse from Benzinga Newsdesk
Markforged Holding (NYSE:MKFG) reported Q3 earnings with a loss of $(0.26) per share, significantly missing the $(0.08) estimate, and sales of $20.07M, slightly below the $20.12M estimate. This represents a 225% increase in losses and a 20.36% decrease in sales compared to the same period last year.
November 13, 2023 | 9:32 pm
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Markforged Holding's Q3 earnings report showed a significant miss on EPS and a slight miss on revenue, with a substantial increase in losses and decrease in sales year-over-year.
The substantial miss on both EPS and revenue estimates, coupled with the significant year-over-year decline in financial performance, is likely to negatively impact investor sentiment and the stock price of Markforged Holding in the short term.
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IMPORTANCE 90
RELEVANCE 100