Matterport, Inc. (MTTR) Reports Q3 Loss, Lags Revenue Estimates
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Matterport, Inc. (MTTR) reported a Q3 loss of $0.01 per share, matching the Zacks Consensus Estimate, but lagged in revenue estimates. This is an improvement from the $0.04 per share loss a year ago.
November 13, 2024 | 1:00 am
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NEGATIVE IMPACT
Matterport reported a Q3 loss of $0.01 per share, in line with expectations, but missed revenue estimates. This is an improvement from last year's $0.04 loss.
The company's earnings per share met expectations, but the miss on revenue estimates could negatively impact investor sentiment. The improvement from last year's loss is a positive sign, but the revenue miss is likely to weigh more heavily in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100