Why Altair Engineering Stock Got Crushed Today [The Motley Fool]
Altair Engineering Inc. - Class A (ALTR)
Last altair engineering inc. - class a earnings: 2/27 04:05 pm
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US:NASDAQ Investor Relations:
investor.altair.com/overview
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Source: The Motley Fool
Why Altair Engineering Stock Got Crushed Today The engineering software and services company reported worse-than-expected earnings and issued a soft forecast. Shares of Altair Engineering ( NASDAQ:ALTR ) have gotten crushed today, down by 18% as of 1:40 p.m. EST, after the company reported third-quarter earnings. The engineering software and services provider also said it would be acquiring DEM Solutions. Revenue in the third quarter increased 18% to $100.4 million, which led to an adjusted net loss of $7.2 million, or $0.09 per share. Analysts were expecting the company to post a profit of $0.05 per share. Altair has purchased DEM Solutions, which makes Discrete Element Method (DEM) software for bulk material simulation, but no financial terms were disclosed. "Our core simulation and optimization technologies performed well during the quarter and we are highly encouraged by strong demand for our SimSolid product, which has had one of the fastest new product ramps in our history," CE
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ALTR
News
- Altair Kicks Off Season Five of the Future Says PodcastPR Newswire
- Altair Kicks Off Season Five of the Future Says PodcastPR Newswire
- Altair Kicks Off Season Five of the Future Says PodcastPR Newswire
- Altair (ALTR) Buys Cambridge Semantics, Enhances AI Technology [Yahoo! Finance]Yahoo! Finance
- Altair Announces Date of First Quarter 2024 Financial Results Conference CallGlobeNewswire
ALTR
Earnings
- 2/22/24 - Beat
ALTR
Sec Filings
- 4/11/24 - Form 4
- 4/11/24 - Form 4
- 4/5/24 - Form ARS
- ALTR's page on the SEC website