From Investing.com: 2024-05-05 13:02:25

Real estate virtual reality platform Matterport is set to report earnings, previously missing revenue expectations by 1.1% at $39.55 million, down 3.9% YoY. Analysts project revenue to increase 5.4% YoY this quarter to $40.03 million, with an average adjusted loss of -$0.03 per share. Peers like Procore Technologies and PTC have seen revenue growth. Stocks, including in the design software sector, have faced volatility in 2024 so far, but Matterport is up 116% heading into earnings.



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