What happened:
Shares of 3D Systems Corporation (NYSE:DDD)
dropped as much as 29.7% on Wednesday after reporting third-quarter earnings.
Sales fell and net loss grew, which is never good for a company, and management
even withdrew its guidance for the year. At 1:50 p.m. EDT, shares were still
down 24.1% on the day and showed no signs of picking up.
dropped as much as 29.7% on Wednesday after reporting third-quarter earnings.
Sales fell and net loss grew, which is never good for a company, and management
even withdrew its guidance for the year. At 1:50 p.m. EDT, shares were still
down 24.1% on the day and showed no signs of picking up.
So what:
Revenue fell 2.2%, to $152.9 million in the quarter,
and net loss expanded from $21.4 million to $37.7 million, or $0.34 per share.
Adjusted for one-time items, the loss was $0.20, but even that was a shock
because analysts were expecting $0.12 in earnings per share on $162.9 million
in revenue.
and net loss expanded from $21.4 million to $37.7 million, or $0.34 per share.
Adjusted for one-time items, the loss was $0.20, but even that was a shock
because analysts were expecting $0.12 in earnings per share on $162.9 million
in revenue.
Complete article on Motley Fool:
“Why 3D Systems Corporation’s Shares Plunged a Whopping
30% Today”
30% Today”
0
0
1
176
1007
Proactive Management
8
2
1181
14.0
Normal
0
false
false
false
EN-US
JA
X-NONE
/* Style Definitions */
table.MsoNormalTable
{mso-style-name:”Table Normal”;
mso-tstyle-rowband-size:0;
mso-tstyle-colband-size:0;
mso-style-noshow:yes;
mso-style-priority:99;
mso-style-parent:””;
mso-padding-alt:0in 5.4pt 0in 5.4pt;
mso-para-margin:0in;
mso-para-margin-bottom:.0001pt;
mso-pagination:widow-orphan;
font-size:10.0pt;
font-family:Cambria;
mso-ascii-font-family:Cambria;
mso-ascii-theme-font:minor-latin;
mso-hansi-font-family:Cambria;
mso-hansi-theme-font:minor-latin;
mso-fareast-language:JA;}
Reprographics 101 
Leave a comment