CORRECTION: Reported Jul 31, Materialise Q2 GAAP EPS $0.07 Beats $0.05 Estimate, Sales $73.65M Beat $73.10M Estimate
Portfolio Pulse from Benzinga Newsdesk
Materialise (NASDAQ:MTLS) reported Q2 earnings of $0.07 per share, beating the $0.05 estimate and showing an 800% increase from last year's losses. Sales were $73.65M, surpassing the $73.10M estimate and marking a 4.58% year-over-year increase.
August 01, 2024 | 7:59 pm
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Materialise reported strong Q2 earnings, with EPS of $0.07 beating estimates by 40% and sales of $73.65M surpassing expectations. This represents a significant turnaround from last year's losses.
The strong earnings report, with both EPS and sales beating estimates, indicates positive financial performance and growth. This is likely to boost investor confidence and drive the stock price up in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100