Investing.com - Desktop Metal reported on Wednesday third quarter earnings that missed analysts' forecasts and revenue that fell short of expectations.
Desktop Metal announced earnings per share of $-0.10 on revenue of $47.09M. Analysts polled by Investing.com anticipated EPS of $-0.10 on revenue of $60.27M.
Desktop Metal shares are down 29.95% from the beginning of the year and are trading at $2.19 , down-from-52-week-high.
Desktop Metal follows other major Industrials sector earnings this month
Desktop Metal's report follows an earnings beat by United Parcel Service on Tuesday, October 25, 2022, who reported EPS of $2.99 on revenue of $24.59B, compared to forecasts EPS of $2.86 on revenue of $24.4B.
Honeywell had beat expectations on Thursday, October 27, 2022 with third quarter EPS of $2.25 on revenue of $8.95B, compared to forecast for EPS of $2.16 on revenue of $8.99B.
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