Nano Dimension stock set to snap record win streak after reporting preliminary revenue results
Shares of Nano Dimension Ltd. (NNDM) fell 1.0% in premarket trading Thursday, putting them in danger of snapping a record-long win streak, after the 3D printer company reported preliminary second-quarter revenue results. The stock had soared 34.8% amid a seven-session win streak through Wednesday, which surpassed the previous record of six-sessions achieved four times since the stock went public in mid-2015. The company said second-quarter revenue rose 33% from a year ago to $14.8 million. There were no analyst estimates provided by FactSet. The company is projected to report full quarterly results in mid-August. Nano Dimension has been embroiled in a battle with 3D Systems Corp. (DDD) to buy Stratasys Ltd. (SSYS), but Stratasys said last week that it was sticking with its merger deal with Desktop Metal Inc. (DM) Nano Dimension's stock has run up 16.9% over the past three months through Wednesday, while the S&P 500 has tacked on 8.3%.
-Tomi Kilgore
This content was created by MarketWatch, which is operated by Dow Jones & Co. MarketWatch is published independently from Dow Jones Newswires and The Wall Street Journal.
(END) Dow Jones Newswires
07-06-23 0853ET
Copyright (c) 2023 Dow Jones & Company, Inc.-
What History Tells Us About the Fed’s Next Move
-
What’s Happening In the Markets This Week
-
Alphabet’s New Dividend: What Investors Need to Know
-
Going Into Earnings, Is Palantir Stock a Buy, a Sell, or Fairly Valued?
-
Going Into Earnings, Is Eli Lilly Stock a Buy, a Sell, or Fairly Valued?
-
What’s the Difference Between the CPI and PCE Indexes?
-
5 Stocks to Buy That We Still Like After They’ve Run Up
-
Markets Brief: Stocks Are Starting to Look Cheap Again
-
AbbVie Earnings: Next-Generation Immunology Drugs Help Offset Humira Biosimilar Pressure
-
Exxon Earnings: Ignore Earnings Shortfall as Long-Term Growth and Improvement on Track
-
American Airlines Earnings: We See Costs Overshadowing Market Share This Year
-
Snap Earnings: Advertising Growth and Snapchat+ Drive Monetization
-
STMicro Earnings: We Still See an Attractive Margin of Safety Despite a Poor First-Half Forecast
-
Alphabet Shares Surge on Strong Earnings, Dividend Surprise
-
Microsoft Earnings: Firm Beats Forecasts on Strong AI and Cloud Demand
-
PG&E Earnings: Near-Term Regulatory Certainty Supports Industry-Leading Earnings Growth