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Why 3D Systems Stock Just Dropped 10%

TheMotleyFool

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Just one day after Stratasys (NASDAQ: SSYS) stock suffered a 15% loss after reporting weak sales and a big GAAP loss for the second quarter of 2024, 3D Systems (NYSE: DDD) -- Stratasys' archrival in 3D printing -- reported its earnings for the same quarter.

The results were similar... but worse.

As with Stratasys, 3D missed Wall Street targets for sales, reporting $102.9 million for the quarter where the Street had hoped for $116.5 million. Unlike Stratasys, which reported a smaller-than-expected loss, 3D also missed the Street's earnings target, reporting a $0.14-per-share non-GAAP loss where analysts forecast a loss of only $0.04.

Source Fool.com

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