Why Xometry Stock Jumped Today
Xometry(XMTR) The Motley Fool·2024-11-06 02:08
Growth is better than expected and it's turning a corner on profitability.Shares of manufacturing marketplace business Xometry (XMTR 17.86%) jumped on Tuesday after the company reported financial results for the third quarter of 2024 that significantly outpaced expectations. As of 12:40 p.m. ET, Xometry stock was up 18%.Xometry is gearing up to deliver profitsTake the magnitude of the jump today with a grain of salt -- Xometry stock usually has low trading volume and any news can cause large swings in the s ...