Matterport (MTTR) Stock: Why It Increased Over 14% Today

By Amit Chowdhry ● Aug 11, 2022
  • The stock price of Matterport (MTTR) increased by over 14% pre-market today. This is why.

The stock price of Matterport (MTTR) increased by over 14% pre-market today. Investors are responding positively to the company’s second-quarter results.

For the second quarter, Matterport reported a Q2 EPS of ($0.12), which was $0.02 higher than analyst estimates of ($0.14). And the revenue for the quarter was $28.5 million compared to the consensus estimate of $29.6 million. 

In terms of guidance, Matterport expects a Q3 2022 EPS of between ($0.15)-($0.13) compared to the consensus of ($0.13). And Matterport expects Q3 2022 revenue of between $35 and $37 million compared to the consensus of $32.95 million.