Why 3D Systems Stock Soared Today
Shares of 3D Systems (NYSE: DDD) soared 21% on Tuesday after the 3D printing company delivered strong second-quarter financial results.
3D Systems' revenue jumped 44% year over year to $162.6 million, fueled by robust growth in its healthcare segment and a rebound in its industrial business from its lows during the early stages of the pandemic.
"We believe this performance is the result of our exclusive focus on additive manufacturing, bringing together our printers, materials, and software technologies to solve specific key customer applications that drive market adoption in both healthcare and specific industrial markets, such as semiconductors, space systems, and advanced transportation systems," CEO Jeffrey Graves said in a press release.
Source Fool.com
