Stock Track | Xometry Stock Soars 22.8% on Stellar Q3 Results, Upbeat Outlook

Stock Track11-06

Shares of Xometry, Inc. (XMTR), a leading on-demand manufacturing marketplace, surged by an impressive 22.8% on November 5, 2024, following the company's better-than-expected third-quarter financial results and upbeat guidance for the fourth quarter.

For the third quarter ended September 30, 2024, Xometry reported revenue of $141.7 million, representing a 19.1% year-over-year increase and surpassing analysts' expectations of $137.7 million. The company's strong top-line growth was fueled by robust demand for its agile and flexible supply chain solutions as manufacturers navigate ongoing economic uncertainties.

Notably, Xometry swung to a non-GAAP profit of $0.02 per diluted share, defying analysts' forecasts of a $0.05 loss per share. The company's ability to deliver profitability on an adjusted basis, coupled with its top-line growth, significantly boosted investor sentiment and drove the stock's rally.

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(XMTR), a leading on-demand manufacturing marketplace, surged by an impressive 22.8% on November 5, 2024, following the company's better-than-expected third-quarter financial ...</p>\n\n<a href=\"\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"XMTR","symbol_name":"Xometry, Inc.","start_time":0,"source_url":"","article_id":"1121805306","we_media_id":"1086803395","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1121805306","pubTimestamp":1730868295,"sourceInfo":{"source_id":"ai_movement_en","name":"Stock Track"},"weMediaInfo":{"media_name":"Stock Track","introduction":"Track stock‘s movements and relevant news","home_visible":1,"id":"1086803395","head_image":"https://static.tigerbbs.com/a81accab1e7ee4144dc051f71903a390"},"summary":"Shares of Xometry, Inc. , a leading on-demand manufacturing marketplace, surged by an impressive 22.8% on November 5, 2024, following the company's better-than-expected third-quarter financial results and upbeat guidance for the fourth quarter.For the third quarter ended September 30, 2024, Xometry reported revenue of $141.7 million, representing a 19.1% year-over-year increase and surpassing analysts' expectations of $137.7 million. 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