Xometry shares are trading lower after the company reported fiscal Q4 results and issued Q1 guidance below estimates and disclosed a CFO transition.
Portfolio Pulse from Benzinga Newsdesk
Xometry reported fiscal Q4 results and issued Q1 guidance below estimates, alongside announcing a CFO transition, leading to a decrease in its share price.
February 29, 2024 | 12:15 pm
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NEGATIVE IMPACT
Xometry's fiscal Q4 results and Q1 guidance were below estimates, and the company announced a CFO transition, negatively impacting its share price.
The announcement of lower-than-expected fiscal Q4 results and Q1 guidance, combined with the transition of the CFO, has likely led to decreased investor confidence and a negative short-term impact on Xometry's share price.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100