3D Systems Stock Plunges 11% Upon Earnings Release: Here's What You Need to Know.
3D Systems (NYSE: DDD) reported disappointing second-quarter 2017 earnings after the market closed on Wednesday. The diversified 3D printing company's revenue edged up about 1%, loss per share widened, and adjusted earnings per share declined 33% from the year-ago period.
Shares of 3D Systems dropped 11.1% in after-hours trading on Wednesday, so the stock will almost surely be under pressure during the regular trading session on Thursday. We can attribute the market's reaction to both the weak second-quarter results and the company lowering its previously issued full-year 2017 guidance. The outlooks for both revenue and earnings were revised downward, with the latter more significantly reduced, which is likely what most displeased the market.
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Source: Fool.com
3D Systems Corp. Stock
Currently there is a rather positive sentiment for 3D Systems Corp. with 3 Buy predictions and 1 Sell predictions.
With a target price of 7 € there is potential for a 225.73% increase which would mean more than doubling the current price of 2.15 € for 3D Systems Corp..
