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Stock impact report

Why 3D Systems Stock Sank by Almost 13% on Wednesday [Yahoo! Finance]

3D Systems Corporation (DDD) 
Last 3d systems corporation earnings: 2/26 04:01 pm Check Earnings Report
US:NYSE Investor Relations: 3dsystems.com/investor
Company Research Source: Yahoo! Finance
results; as these missed on both the top and bottom lines, the market reacted negatively. Investors pushed the company's share price down by nearly 13% on the day, a far steeper fall than the S&P 500 index's 0.4%. After market close on Tuesday, 3D Systems published its third-quarter figures. These showed that the company's revenue for the period was slightly under $113 million, representing a 9% decline year over year. More concerning was a significant deepening of net loss, which came in at almost $179 million against the year-ago shortfall of less than $12 million. On a non- GAAP (adjusted) and per-share basis, the latest deficit was $0.12. Are You Missing The Morning Scoop? Breakfast News delivers it all in a quick, Foolish, and free daily newsletter. Sign Up For Free » On average, analysts tracking 3D Systems stock were modeling nearly $116 million on the top line and $0.10 per share for adjusted net income. In the earnings release, management attributed the declines to "m Show less Read more
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