Matterport, Inc. (NASDAQ:MTTR) shares are trading lower Wednesday after the company reported worse-than-expected fourth-quarter sales results and issued guidance.
The Details:
Matterport reported its fourth-quarter financial results after the bell Tuesday with quarterly sales of $39.55 million which missed the analyst consensus estimate of $40.22 million by 1.69% and represented a 3.88% decrease over sales of $41.14 million year-over-year.
Matterport also reported quarterly losses of 4 cents per share which met the analyst consensus estimate.
Piper Sandler analyst Brent Bracelin reiterated Matterport with a Neutral rating and maintained a $3 price target on the stock Wednesday.
Matterport expects ...