DDD - Desktop Metal Earnings: What to Watch on May 17
Desktop Metal (NYSE: DM) is slated to report its first-quarter 2021 results after the market close on Monday, May 17. An analyst conference call is scheduled for the same day at 4:30 p.m. EDT.
This will be the 3D printing company's second quarterly report as a public entity. It went public in December 2020 via a reverse merger with a special purpose acquisition company (SPAC). (This method is faster and less expensive than the traditional initial public offering route.)
Some investors might view 3D Systems ' (NYSE: DDD) better-than-expected first-quarter results, released on Monday, as an indication that Desktop Metal's results could also surprise to the upside. There is some logic here, as 3D Systems got a boost from U.S. economic conditions being more favorable for its business relative to last year, when it was hit hard by the fallout from the COVID-19 pandemic.
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Desktop Metal Earnings: What to Watch on May 17