Materialise Q1 2024 GAAP EPS $0.07, Sales $68.798M Beat $62.700M Estimate
Portfolio Pulse from Benzinga Newsdesk
Materialise (NASDAQ:MTLS) reported Q1 2024 earnings of $0.07 per share, with sales of $68.798M surpassing the $62.700M estimate, a 9.73% beat. However, this represents a 3.98% decrease from the previous year's sales of $71.651M.
April 25, 2024 | 10:35 am
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Materialise reported Q1 2024 earnings of $0.07 per share with sales of $68.798M, exceeding estimates but showing a YOY decrease.
The positive earnings report and sales beat are likely to be viewed favorably by investors, potentially leading to a short-term uptick in MTLS's stock price. However, the year-over-year decrease in sales might temper some of the positive sentiment.
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