3D Systems Stock Drops Following Earnings Release
3D Systems (NYSE: DDD) reported preliminary fourth-quarter and full-year 2020 results after the market close on Monday. The results had been scheduled to be released on Feb. 24, but the 3D printing company pushed back the date.
Shares were down 5.2% in Monday's after-hours trading, though they only traded briefly in the session, as results weren't released until 7:45 p.m. EST. This fact, combined with the earnings call not being held until Tuesday morning, means the stock's performance in after-hours trading on Monday shouldn't be considered a good barometer of how it will perform on Tuesday.
We can probably attribute the market's initial reaction to a few factors, including that results were only preliminary and that management didn't issue revenue or earnings guidance. Both these things add to uncertainty -- and the market hates uncertainty.
Source Fool.com
