Matterport MTTR reported its Q2 earnings results on Wednesday, August 10, 2022 at 04:00 PM.
Here’s what investors need to know about the announcement.
Earnings
Matterport beat estimated earnings by 14.29%, reporting an EPS of $-0.12 versus an estimate of $-0.14.
Revenue was down $1.02 million from the same period last year.
Past Earnings Performance
Last quarter the company beat on EPS by $0.04 which was followed by a 1.88% increase in the share price the next day.
New investors should note that it is sometimes not an earnings beat or miss that most affects the price of a stock, but the guidance (or forecast).
Guidance
Matterport management provided guidance for FY 2022, expecting earnings between $-0.5 and $-0.46 per share.
To track all earnings releases for Matterport visit their earnings calendar here.
This article was generated by Benzinga’s automated content engine and reviewed by an editor.
Image and article originally from www.benzinga.com. Read the original article here.