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Velo3D Stock Plunges After Earnings

Published 1 day, 23 hours ago
Description

Velo3D stock plummeted over twenty-one percent on Wednesday, despite a positive market trend, following disappointing fourth-quarter earnings. Revenue dropped by twenty-five point four percent, and while net loss improved, it failed to meet investor expectations. The company guided for full-year sales between sixty million and seventy million dollars, aligning with analyst estimates, but planned capital spending raised concerns. The stock remains volatile, with more fluctuations expected as Velo3D works towards its next updates.

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