Materialise NV earnings miss, Revenue beats in Q1

  • Investing.com
Materialise NV earnings miss, Revenue beats in Q1

Investing.com - Materialise NV reported on Tuesday first quarter earnings that missed analysts' forecasts and revenue that topped expectations.

Materialise NV announced earnings per share of €-0.05 on revenue of €55.6M. Analysts polled by Investing.com anticipated EPS of €0.005 on revenue of €46.09M.

Materialise NV shares are down 44.2% from the beginning of the year and are trading at €30.25 , down-from-52-week-high.They are under-performing the Nasdaq which is down 2.17% year to date.

Materialise NV follows other major Technology sector earnings this month

Materialise NV's report follows an earnings beat by NVIDIA on Wednesday, February 24, 2021, who reported EPS of €3.1 on revenue of €5B, compared to forecasts EPS of €2.81 on revenue of €4.82B.

Cisco had beat expectations on Tuesday, February 9, 2021 with second quarter EPS of €0.79 on revenue of €11.96B, compared to forecast for EPS of €0.7567 on revenue of €11.92B.

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