Shapeways Hldgs Q3 Adj $(1.36) Misses $(0.95) Estimate, Sales $8.37M Miss $8.75M Estimate
Portfolio Pulse from Benzinga Newsdesk
Shapeways Holdings (SHPW) reported a Q3 adjusted loss of $(1.36) per share, significantly missing the $(0.95) estimate, and sales of $8.37M, also missing the $8.75M estimate. This represents a sharp decline from the previous year's losses of $(0.72) per share and a slight decrease from sales of $8.45M.
November 14, 2023 | 10:01 pm
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Shapeways Holdings reported a larger Q3 loss of $(1.36) per share compared to the $(0.95) estimate and a slight sales miss at $8.37M versus the expected $8.75M.
The significant miss in both earnings per share and sales compared to analyst estimates, along with a year-over-year decline, is likely to negatively impact investor sentiment and the stock price in the short term.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100