3D Systems Stock Soars After Earnings Crush Expectations
3D Systems (NYSE: DDD) reported first-quarter 2021 results after the market close Monday, May 10, that pleased the market.
Shares of the 3D printing company soared 14.5% in Monday's after-hours trading session. The market's positive reaction is largely attributable to adjusted earnings and revenue easily beating the Wall Street consensus estimates. The company's solid generation of cash from operations is also likely a factor.
Investors should know that Monday's after-hours reaction stems only from the first-quarter data, as 3D Systems didn't provide any guidance in its release. Management will probably issue at least a general outlook when it holds its analyst conference call, which is scheduled for Tuesday at 8:30 a.m. EDT.
Source Fool.com
