Matterport Stock Sinks 17% on Revenue Miss and Lighter-Than-Expected Q1 Guidance
MTTRMatterport(MTTR) The Motley Fool·2024-02-22 06:30

Shares of Matterport (MTTR -16.93%) dropped 16.9% on Wednesday, following the digital-twin platform operator's release on the prior afternoon of its fourth-quarter 2023 report. The stock's decline is probably largely attributable to the quarter's revenue, along with first-quarter 2024 revenue guidance, missing Wall Street's expectations. The company fared better on the bottom line relative to analyst consensus estimates. The fourth quarter's adjusted earnings-per-share (EPS) result was in line with the Stre ...