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Benzinga
Benzinga
Business
Adam Eckert

Why Matterport Shares Are Falling Today

Matterport

Matterport Inc (NASDAQ:MTTR) is trading significantly lower Thursday after the company announced worse-than-expected fourth-quarter earnings results and issued guidance below estimates. 

Matterport reported quarterly revenue of $27.1 million, which beat the $25.13 million estimate. The spatial data company reported an earnings loss of 10 cents per share, which missed the estimate for a loss of 9 cents per share. 

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