3D Systems Stock Plunges on Poor Earnings Report and Liquidity Concerns
3D Systems (NYSE: DDD) reported poor second-quarter 2020 results after the market close on Wednesday. These were the first quarterly results released under the 3D printing company's new CEO, Jeffrey Graves, and interim CFO, Wayne Pensky.
Shares closed down 7.4% in Wednesday's after-hours trading session. We can attribute the market's displeasure in large part to revenue and earnings coming in lighter than what Wall Street was expecting. Some investors are also surely concerned about the company's cash-burn rate.
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Source Fool.com
