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Why Desktop Metal Shares Popped 26% This Morning

Rich Smith, The Motley Fool
·2-min read
Why Desktop Metal Shares Popped 26% This Morning

Shares of 3D printer maker Desktop Metal (NYSE: DM) surged 26.3% through 12:30 p.m. ET on Thursday after beating analyst sales projections for the fiscal fourth quarter. Its financial report, which came out after close of trading Wednesday, showed that the company generated $60.6 million in revenue in the fourth quarter, while Wall Street only expected $54.4 million. Desktop beat on sales, but its year-over-year growth for the quarter was actually less than 7%.

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