Software Shares Soar On Q3 Financial Results - InvestingChannel

Software Shares Soar On Q3 Financial Results

A California-based software company is finding extreme success on Tuesday after the company beat both the revenue and earnings per share expectation when reporting its Q3 financial results.

While earnings beats are nothing out of the ordinary, traders were excited about this stock in particular, as shares of Matterport Inc. (Nasdaq:MTTR) rallied up to $2.63/share (+24.06%) at the session high. This move could be an indication of things to come given how much upside there is between current levels and the stock’s 52-week high of $4.07/share.

Matterport Inc is a spatial data company focused on digitizing and indexing the built world. Its all-in-one 3D data platform enables anyone to turn a space into an accurate and immersive digital twin which can be used to design, build, operate, promote, and understand any space.

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