DDD - Why Shares of 3D Systems Are Plummeting This Week
2024-03-01 11:41:20 ET
After sliding by 11% last week, shares of 3D Systems (NYSE: DDD) have extended their decline this week after the company reported disappointing fourth-quarter results on Tuesday.
According to data provided by S&P Global Market Intelligence , as of the market's close on Thursday, 3D Systems was down by 16.5% from the end of trading last week.
3D Systems reported fourth-quarter revenue of $114.8 million, well shy of analysts' expectations for $126.6 million on the top line. Similarly, the company came up short of earnings estimates. While the analysts estimated the company would report a $0.01 loss per share, 3D Systems reported an adjusted loss of $0.11 per share.
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Why Shares of 3D Systems Are Plummeting This Week