Matterport Stock Gains on Earnings Beat and Guidance Raise, but Caution Is Warranted
Shares of Matterport (NASDAQ: MTTR) gained 6% on Wednesday, following the digital-twin platform operator's release on the prior afternoon of its first-quarter 2023 results.
The stock's rise is largely attributable to the quarter's revenue and earnings exceeding the Wall Street consensus estimates, along with management increasing its full-year 2023 guidance for the top and bottom lines.
Data source: Matterport. YOY = year over year. GAAP = generally accepted accounting principles. *Calculations by author except for revenue change, which was provided by Matterport..
Source Fool.com
