3D Systems Stock Surges After Earnings Crush Expectations
3D Systems (NYSE: DDD) reported second-quarter 2021 results after the market close on Monday, Aug. 9, that delighted investors.
Shares of the 3D printing company soared 12.6% in Monday's after-hours trading session. As with last quarter, the market's positive reaction is largely attributable to adjusted earnings and revenue speeding by the Wall Street consensus estimates.
Guidance wasn't likely a factor in the stock's move in after-hours trading on Monday. In the earnings release, the company reiterated its prior outlook for its full-year 2021 adjusted gross margin to range from 40% to 44%, but didn't provide any additional guidance. It's possible management might provide some color on its outlook during the analyst earnings call, scheduled for Tuesday at 8:30 a.m. EDT.
Source Fool.com
