
Petr Huřťák 2023/05/10 1:19pm
What Happened: Shares of real estate focused virtual reality platform Matterport (NASDAQ:MTTR) jumped 5.58% in the after-market session after the company reported first-quarter results that exceeded analysts' revenue and earnings per share (EPS) estimates. Customer growth accelerated. However, cash burn increased. Regardless, revenue and EPS guidance for the next quarter and the full year were slightly ahead of Consensus. Considering an uncertain macro and mixed quarterly performance from SaaS peers, this was a solid quarter. After the initial pop the shares cooled down to $2.79, up 3.72% from previous close. ... Continue Reading