Recap: Fathom Digital Mfg Q3 Earnings
Portfolio Pulse from Benzinga Insights
Fathom Digital Mfg (NYSE:FATH) reported Q3 earnings with an EPS of $-2.04, missing estimates by 104% and a revenue decrease of $8.75 million from the previous year. Despite missing last quarter's EPS estimate, the stock increased by 7.04% the following day. The company's past earnings performance shows mixed results with both hits and misses on EPS and revenue estimates.
November 14, 2023 | 12:10 pm
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Fathom Digital Mfg reported a significant miss in Q3 earnings with an EPS of $-2.04, which was 104% below the estimate, and a year-over-year revenue decline.
The substantial miss in earnings and the decline in revenue are likely to negatively impact investor sentiment and the stock price in the short term. Historically, earnings misses can lead to a decrease in stock price, although FATH's stock rose after the last miss, indicating potential volatility.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100