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3D Systems Dives After Big Top-Line and Bottom-Line Misses

Cherella Cox

tumbled more than 23% on Wednesday after first-quarter revenue missed analysts' estimates and its quarterly loss was wider than expectations. Analysts in the past week changed the consensus earnings estimate for the second quarter to 1 cent a share from 4 cents share, and cut their sales estimate to $168.5 million from $176.3 million, according to Bloomberg. Canaccord Genuity has a hold rating on the stock and lowered its price target to $10 from $13.