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 up 86.39% from the beginning of the year, still down 75.52% from its 52 week high of $8.94 set on November 12, 2021.
Desktop Metal follows other major Industrials sector earnings this month
Desktop Metal's report follows an earnings beat by United Parcel Service on October 25, 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 October 27 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.
Stay up-to-date on all of the upcoming earnings reports by visiting Investing.com's earnings calendar