Why Matterport Stock Plunged Today
Matterport(MTTR) The Motley Fool·2024-02-22 09:15
Shares of Matterport (MTTR -16.93%) fell 17.3% on Wednesday after the spatial data platform company announced weaker-than-expected quarterly revenue and a disappointing forward outlook.Matterport's decent quarter left the market underwhelmedMatterport's fourth-quarter 2023 revenue declined 3.9% year over year to $39.5 million, technically within (but below the midpoint of) its guidance for a range of $39 million to $41 million. Most analysts were modeling revenue of exactly $40 million. On the bottom line, ...