Fathom Digital Manufacturing shares fall on forecast cut

Fathom Digital Manufacturing

15/08/2022 15:32

** Shares of Fathom Digital Manufacturing Corp  FATH.N  down
~5% at $3.97 in early trade 
    ** Lowers FY rev forecast, hurt by challenges in broader
economy 
    ** Sees FY rev of $165 mln-$171 mln vs. prior forecast of
$182 mln-$192 mln
    ** Reports Q2 net income of ~$34 mln vs. yr-earlier loss of
$4.08 mln, fueled by strong demand at its CNC machining,
Precision sheet metal units  urn:newsml:reuters.com:*:nBw1sbq6Sa
    ** YTD, FATH down ~47% 

 (Reporting by Priyamvada C in Bengaluru)
 ((Priyamvada.c@thomsonreuters.com))