Desktop Metal Earnings: What Investors Should Know
Desktop Metal (NYSE: DM) reported fourth-quarter and full-year 2020 results before the market open on Monday.
The market's initial reaction was neutral. Shares of the 3D printing company, which went public in December via a reverse merger with a special purpose acquisition company (SPAC), edged up 0.8% on Monday. (This method of going public is faster and less expensive than the traditional initial public offering route.) The S&P 500 rose 0.7%.
In 2021, Desktop Metal stock has taken investors on a roller coaster ride. It soared through early February, nearly doubling, before significantly pulling back. Nonetheless, it's still up about 23% through March 15, compared with the S&P 500's 8% return.
Source Fool.com
