Investing.com - Materialise NV reported on Thursday first quarter earnings that beat analysts' forecasts and revenue that topped expectations.
Materialise NV announced earnings per share of €0.08 on revenue of €56.99M. Analysts polled by Investing.com anticipated EPS of €0.0352 on revenue of €50.84M.
Materialise NV shares are down 18.98% from the beginning of the year and are trading at €19.34 , down-from-52-week-high.They are under-performing the Nasdaq which is down 12.1% from the start of the year.
Materialise NV follows other major Information Technology sector earnings this month
Materialise NV's report follows an earnings beat by NVIDIA on February 16, who reported EPS of €1.32 on revenue of €7.64B, compared to forecasts EPS of €1.23 on revenue of €7.42B.
Cisco had beat expectations on February 16 with second quarter EPS of €0.84 on revenue of €12.72B, compared to forecast for EPS of €0.81 on revenue of €12.66B.
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