Investing.com - Materialise (NASDAQ:MTLS) 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, still down 65.32% from its 52 week high of €87.22 set on February 10. They are under-performing the Nasdaq which is down 2.17% from the start of the year.
Materialise NV follows other major Technology sector earnings this month
Materialise NV's report follows an earnings beat by NVIDIA on February 24, 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 February 9 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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