Matterport Q1 2024 Adj EPS $(0.01) Beats $(0.03) Estimate, Sales $39.872M Miss $40.036M Estimate
Portfolio Pulse from Benzinga Newsdesk
Matterport reported Q1 2024 adjusted EPS of $(0.01), surpassing the $(0.03) estimate, indicating a significant improvement from last year's $(0.07) per share loss. However, its Q1 sales of $39.872M slightly missed the $40.036M forecast, though it represents a 4.94% increase from the previous year.
May 06, 2024 | 8:52 pm
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Matterport's Q1 2024 earnings beat estimates with a smaller loss than expected, and sales showed year-over-year growth despite a slight miss against forecasts.
Matterport's better-than-expected EPS suggests operational efficiency and cost management, likely viewed positively by investors. The slight miss in sales is overshadowed by the year-over-year growth, indicating continued business expansion. These factors combined suggest a positive short-term impact on MTTR's stock price.
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