Matterport Cancels Q1 2024 Conference Call Following Definitive Agreement To Be Acquired By CoStar Group; Due To The Pending Transaction, Matterport Will Not Be Providing Quarterly Financial Guidance
Portfolio Pulse from Benzinga Newsdesk
Matterport, Inc. (NASDAQ:MTTR) has canceled its Q1 2024 earnings call and will not provide financial guidance due to its acquisition by CoStar Group, Inc. The company will still release its Q1 earnings report and supplemental information on its website.
April 26, 2024 | 1:01 pm
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NEUTRAL IMPACT
Matterport cancels its Q1 2024 earnings call and will not issue financial guidance due to its upcoming acquisition by CoStar Group.
The cancellation of the earnings call and the halt in financial guidance are direct consequences of the acquisition agreement with CoStar Group. This news is highly relevant to Matterport's investors as it signals a significant corporate transition. The neutral score reflects the uncertainty about how the market will react to the acquisition news without further financial guidance from Matterport.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100