Materialise Reports Second Quarter 2016 Results
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Piper Jaffray Cuts Price Target on Materialise NV (MTLS) Following Mixed 2Q
August 12, 2016 8:31 AM EDTPiper Jaffray maintained an Overweight rating on Materialise NV (NASDAQ: MTLS), and cut the price target to $8.50 (from $9.00), following the company's 2Q earnings report. Revenues grew 11.4% Y/Y to 27.6M, which was roughly 0.9M below the Street at 28.5M. Pro Forma EPS of (0.01) was in-line with Street expectations.
Analyst Troy Jensen commented,... More
Materialise NV (MTLS) Reports In-Line Q2 EPS
August 11, 2016 6:32 AM EDTMaterialise NV (NASDAQ: MTLS) reported Q2 EPS of (0.01), in-line with the analyst estimate of (0.01). Revenue for the quarter came in at 27.6 million versus the consensus estimate of 31.47 million.
For earnings history and earnings-related data on Materialise NV (MTLS) click here.
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