Why 3D Systems Stock Sank by Almost 13% on Wednesday

3D Systems (NYSE: DDD) is not heading into the Thanksgiving holiday on a high note. The 3D printing specialist reported its latest set of quarterly 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. 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. Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool