Why 3D Systems Stock Just Dropped 12.5%
Shares of 3D Systems (NYSE: DDD) stock are down 12.5% as of noon EDT after the 3-dimensional printer manufacturer reported a sales miss and a big GAAP loss in its fiscal second-quarter 2019 earnings results released last night.
The news wasn't all bad. When adjusted for "one-time items," 3D says it actually broke even for the quarter -- $0.00 losses, $0.00 profits -- whereas Wall Street had thought the company would lose $0.04 per share pro forma.
Still, sales came in light at only $157.3 million, versus the $160.8 million analysts had expected, and that was a pretty clear "miss."
Quelle Fool.com
