2023-11-07 20:35:00 ET
Shares of Matterport (NASDAQ: MTTR) soared 25.9% on Tuesday, following the digital-twin platform operator's release on the prior afternoon of its third-quarter 2023 results.
The stock's rise is largely attributable to the quarter's revenue and earnings exceeding the Wall Street consensus estimates. Investors were also likely at least satisfied with fourth-quarter guidance, which was a bit lighter-than-expected on the top line but better-than-anticipated on the bottom line.
Data source: Matterport. YOY = year over year. GAAP = generally accepted accounting principles. EPS = earnings per share. *Calculations by author, except for revenue-adjusted EPS changes, which Matterport provided.
For further details see:
Matterport Stock Soars 26% on Earnings and Revenue Beats