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Why Matterport Stock Is Soaring Today

TheMotleyFool

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Shares of Matterport (NASDAQ: MTTR), a spacial data company, were rising today after the company reported better-than-expected third-quarter results.

The tech company's top and bottom lines both beat analysts' consensus estimates, causing investors to push the company's share price up by 24.5% as of 12:52 p.m. ET.

Matterport reported a non-GAAP (adjusted) loss of $0.09 per share -- which was down from a loss of $0.06 in the year-ago quarter -- but better than Wall Street's average estimate of a loss of $0.13.

Source Fool.com

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