Why 3D Systems Stock Crashed After Earnings
Falling sales and continued losses mean no joy for 3D Systems investors this morning.
3D Systems (NYSE: DDD), the eponymous 3D printer stock, experienced a paper jam Thursday morning as shares tumbled 17.1% through 9:55 a.m. ET after reporting worse-than-expected Q4 2024 earnings.
Heading into the report last night, analysts forecast that the company would lose $0.11 per share on $115.2 million in sales. 3D Systems reported a loss nearly twice as big as expected -- $0.19 per share -- and its sales fell short at $111 million.
It was bad news all around at 3D Systems last night. Sales for the final quarter of 2024 slipped 3% year over year, and gross profit margin tumbled 730 basis points to 31%. On the bottom line, the company's loss, as calculated according to generally accepted accounting principles (GAAP), was $0.25 per share. (The $0.19 loss was a non-GAAP number).
