Microsoft strongly encourages users to switch to a different browser than Internet Explorer as it no longer meets modern web and security standards. Therefore we cannot guarantee that our site fully works in Internet Explorer. You can use Chrome or Firefox instead.

Why Matterport Stock Soared on Thursday

TheMotleyFool

0 0

Shares of Matterport (NASDAQ: MTTR) are soaring today, up by more than 30% as of 11 a.m. ET. The move higher erased just a small portion of year-to-date losses for the metaverse tech specialist. Yet it was powered by surprisingly strong second-quarter results that might pave the way for a sustained rally ahead.

Let's take a closer look.

Matterport revealed in a filing on Wednesday that revenue edged lower to $28 million in the period that ended in late June. That result met Wall Street's expectations, which were based on management's official forecast.

Source Fool.com

Like: 0

MTTR

Share