Desktop Metal DM reported its Q3 earnings results on Thursday, November 9, 2023 at 08:00 AM.
Here's what investors need to know about the announcement.
Earnings
Desktop Metal missed estimated earnings by 100.0%, reporting an EPS of $-0.08 versus an estimate of $-0.04.
Revenue was down $4.34 million from the same period last year.
Past Earnings Performance
Last quarter the company missed on EPS by $0.01 which was followed by a 3.31% drop in the share price the next day.
Here's a look at Desktop Metal's past performance:
| Quarter | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 |
|---|---|---|---|---|
| EPS Estimate | -0.05 | -0.08 | -0.09 | -0.08 |
| EPS Actual | -0.06 | -0.20 | -0.08 | -0.10 |
| Revenue Estimate | 57.35M | 48.68M | 54.38M | 60.27M |
| Revenue Actual | 53.29M | 41.32M | 60.56M | 47.09M |
To track all earnings releases for Desktop Metal visit their earnings calendar here.
This article was generated by Benzinga's automated content engine and reviewed by an editor.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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