3D Systems revenue dropped 12% in Q2, with stock falling 19% this week.

From Nasdaq MarketSite: 2024-08-30 17:48:00

3D Systems released Q2 results, with revenue dropping 12% to $113 million due to lower printer sales. The GAAP net loss improved slightly to $27.3 million. Revenue guidance for 2024 is $450-460 million, below 2023’s $488 million. Stock dropped 19% this week. Stock Advisor does not recommend investing in 3D Systems, citing 10 better stock picks. If you invested $1,000 in Nvidia in 2005, you’d have $720,542 now. Stock Advisor has quadrupled S&P 500 returns since 2002. Eric Volkman has no position in mentioned stocks. Motley Fool recommends 3D Systems.



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