Sam is a professional trader and the lead stock market news writer at AskTraders. After starting his career in the forex market, Sam now focuses on gold and stocks with a preference for fundamental and macroeconomic analysis.
Shares of 3D Sytems (NASDAQ: DDD) are up over 84% at $20.74 after the company said it expects Q4 revenue of $170M-$176M vs. estimates of $140M.
Expected revenue reflects strong organic growth exceeding 20% in both Healthcare and Industrial business units on a consecutive quarter basis
Dr Jeffrey Graves, President and CEO of 3D Systems, said, “In the summer of 2020, we laid out a four-stage plan to deliver increased value to our customers and shareholders. This plan included: reorganization into two business units, Healthcare and Industrial Solutions; restructuring of our operations to gain efficiencies; divesting of non-core assets; and investing for accelerated, profitable organic growth. We are pleased to now see significant progress from these efforts, as reflected in accelerated top-line growth and rapidly strengthening operating margins.”
Shares of Bed Bath & Beyond (NASDAQ: BBBY) tumbled as low as $17.76 on Thursday after the retailer reported quarterly net sales fell 5% compared to the previous year.
Tesla’s market cap is now over $750 billion after its shares rose over 5% to $795.60 making Elon Musk the richest person in the world with a net worth of more than $185 billion according to CNBC.
Plug Power’s stock price has popped higher after the open, trading at $46.48 per share after a 32.40% move following news that South Korea-based business, SK Group will take a 9.9% stake worth $1.5 billion in the hydrogen fuel cell maker.
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Chinese technology company SOS Limited’s (NYSE: SOS) shares have rocketed 92.44% premarket on Thursday following the announcement that it has hired Dr Eric H Yan, an expert in cryptocurrency mining, security and insurance technologies.
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Former Discovery and Disney executives are to launch a new streaming-aggregation service named Struum.
FRENCH IT CONSULTING FIRM ATOS HAS MADE A TAKEOVER APPROACH FOR U.S. RIVAL DXC TECHNOLOGY – SOURCES $
French IT consulting firm, ATOS has made a takeover approach for US rival DXC Technology – Sources: Via @DeltaOne Twitter
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