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Xometry: Q3 Earnings Snapshot - WTOP News


Xometry: Q3 Earnings Snapshot - WTOP News

NORTH BETHESDA, Md. (AP) -- NORTH BETHESDA, Md. (AP) -- Xometry Inc. (XMTR) on Tuesday reported a loss of $10.2 million in its third quarter.

On a per-share basis, the North Bethesda, Maryland-based company said it had a loss of 21 cents. Earnings, adjusted for stock option expense and non-recurring costs, were 2 cents per share.

The results surpassed Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for a loss of 4 cents per share.

The marketplace for on-demand manufacturing posted revenue of $141.7 million in the period, which also beat Street forecasts. Three analysts surveyed by Zacks expected $137.2 million.

For the current quarter ending in December, Xometry said it expects revenue in the range of $145 million to $147 million.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on XMTR at https://www.zacks.com/ap/XMTR

Copyright © 2024 The Associated Press. All rights reserved. This material may not be published, broadcast, written or redistributed.

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