Why 3D Systems Corporation's Shares Plunged 19% Today
Shares of 3D Systems Corporation (NYSE: DDD) had a rough start to the trading day Thursday, falling as much as 19.2% after reporting earnings. At 10:30 a.m. EDT shares were still down 18.5% on the day.
Revenue in the second quarter rose 1% to $159.5 million at 3D Systems, although that fell well short of the $162.5 million analysts were expecting. Net loss nearly doubled to $8.4 million, or $0.08 per share, although on a non-GAAP basis earnings were $0.08 per share, $0.04 short of estimates.
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Source: Fool.com
3D Systems Corp. Stock
€3.25
3.470%
Our community is currently high on 3D Systems Corp. with 4 Buy predictions and 2 Sell predictions.
Based on the current price of 3.25 € the target price of 7 € shows a potential of 115.19% for 3D Systems Corp. which would more than double the current price.
