Why Shares of Materion Are Plunging This Week [Yahoo! Finance]
Materion Corporation (MTRN)
Last materion corporation earnings: 4/23 07:53 am
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US:NYSE Investor Relations:
investor.materion.com/investor-relations
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Source: Yahoo! Finance
With orders coming in lower than expected, management for advanced materials company Materion (NYSE: MTRN) sees a less profitable 2024 than it had initially expected. As a result, the company downwardly revised its 2024 guidance, motivating investors to trim -- or exit completely -- their positions. Adding to investors' concerns, an analyst provided a more bearish outlook on Materion stock during the week. According to data provided by S&P Global Market Intelligence , shares of Materion are down 10.7% from the end of trading last Friday through the market's close on Thursday. The sources of investors' distress In its second-quarter 2024 financial report, Materion management espoused optimism for the year, projecting 2024 adjusted earnings per share (EPS) of $5.60 to $5.90 -- the midpoint of which represented a 2% increase over that which it reported in 2023. But the bullish outlook didn't last long. On Tuesday, Materion revealed in a regulatory filing that it was now guiding
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News
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- Materion Third Quarter 2024 Earnings: Revenues Beat Expectations, EPS Lags [Yahoo! Finance]Yahoo! Finance
- Materion Corporation Reports Third Quarter 2024 Financial ResultsBusiness Wire
- Materion Corporation Declares Quarterly Cash DividendBusiness Wire
MTRN
Earnings
- 10/30/24 - Beat
MTRN
Sec Filings
- 11/12/24 - Form SC
- 11/12/24 - Form 4
- 11/8/24 - Form 4
- MTRN's page on the SEC website