CORRECTION: 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 adjusted earnings of $(0.07) per share, surpassing the $(0.08) estimate, but sales of $20.07M fell short of the $20.11M estimate. The earnings per share improved by 12.5% compared to the same period last year, while sales saw a 20.36% decrease from last year's $25.21M.
November 13, 2023 | 10:11 pm
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Markforged Holding reported better-than-expected Q3 EPS but missed revenue estimates, with a year-over-year decrease in sales.
While MKFG beat EPS estimates, the miss on revenue and the significant year-over-year sales decline could concern investors. The mixed results may lead to neutral short-term price movement as positive earnings are offset by negative sales performance.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100