Why 3D Systems Stock Crashed After Earnings
Shares of 3D printer maker 3D Systems (NYSE: DDD) plunged in morning trading Tuesday -- down 12.7% as of 11:20 a.m. EST -- as investors responded to the company's fourth-quarter earnings report last night. But was the miss really all that bad? Was it even a miss at all?
Well, yes and no. On the one hand, analysts had forecast 3D would report $0.10 per share in pro forma profit for fiscal Q4 2020, and it reported only $0.09. That's an earnings miss. On the other hand, though, analysts only thought 3D would do $168.5 million in sales for the quarter, and it reported $172.7 million.
That's a sales beat.
Source Fool.com
