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Xometry Inc Cl A Up 27.73% To $53.57 After Earnings

Wednesday, August 10, 2022 10:54 AM | InvestorsObserver Analysts

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Xometry Inc Cl A Up 27.73% To $53.57 After Earnings

Xometry Inc Cl A (XMTR) said before open Wednesday that it lost $0.18 per share in quarter two 2022. The company reported earnings on an adjusted basis, so it may not be directly comparable to analyst estimates or prior periods.

On the revenue line, the company reported $95.6 million, beating estimates by $2.5 million.

In the same quarter a year ago, the company lost $1.14 per share on revenue of $50.6 million.

The stock is up 27.73% to $53.57 after the report.

Despite revenues increasing, earnings decreased, signaling a decline in profit margins.

The average recommendation from Wall Street analysts was a Strong Buy which may get revised based on this new data.

Trading in the five days leading up to the report earned Xometry Inc Cl A a Neutral Sentiment Rank from InvestorsObserver.

Prior to the report, InvestorsObserver gave the stock an overall score of 59. Meanwhile, the average Wall Street analyst rated the stock a Strong Buy.

Xometry Inc is engaged in providing AI-enabled manufacturing equipment. Its buyers include engineers, product designers, procurement and supply chain personnel, inventors, and business owners. The manufacturing processes offered by the company include CNC Machining, Injection Molding, Urethane Casting, 3D Printing, and Die Casting.

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