Fathom Digital Mfg Q3 EPS $(1.24) Misses $(1.00) Estimate, Sales $31.50M Miss $32.19M Estimate
Portfolio Pulse from Benzinga Newsdesk
Fathom Digital Manufacturing Corp. (FATH) reported a Q3 EPS loss of $(1.24), missing the $(1.00) estimate by 24%, and a 106.67% increase in losses from the previous year. Sales were $31.50M, missing the $32.19M estimate by 2.14%, and marking a 21.66% decrease from the same period last year.
November 14, 2023 | 12:07 pm
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Fathom Digital Mfg reported a significant miss in Q3 EPS and sales, with a larger loss compared to last year and a decline in sales.
The reported earnings miss and sales decline are significant indicators of underperformance, which are likely to negatively impact investor sentiment and the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100