Why Desktop Metal Stock Dropped 12% Today, Then Rebounded
The stock of Desktop Metal (NYSE: DM) dropped as much as 12% in early trading this morning after the 3D-printing company reported first-quarter financial results last night. But the stock quickly recovered most of its losses and was down only 5.7% as of 10 a.m. EDT on Tuesday.
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Analysts had forecast a money-losing first quarter for Desktop Metal, with $0.12 per share in losses on sales of $9.4 million. The actual results were mixed: a loss of $0.25 per share, on booked sales of $11.3 million.
Source Fool.com
