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Summary
- 3D Systems Corporation (NYSE:DDD) stock jumped over 21%, while Fulcrum Therapeutics Inc. (NASDAQ:FULC) surged more than 125% at the market close on Tuesday.
- 3D Systems reported its June quarter earnings on August 9; Fulcrum reported Q2 earnings on Tuesday.
- Fulcrum Therapeutics' second-quarter revenue rose by 119% YoY to US$4.38 million.
Shares of 3D Systems Corporation (NYSE:DDD) and Fulcrum Therapeutics Inc. (NASDAQ:FULC) soared more than 21% and 125%, respectively, on Tuesday.
3D Systems had reported Q2 earnings on August 9 while Fulcrum reported earnings on August 10.
The DDD stock surged 21.48% to US$34.44 at 4:04 pm ET, while the FULC stock traded at US$18.77, up 125.33% at 4:00 pm ET.
3D Systems Corporation
3D Systems is an Oregon-based company that offers a range of products like 3D printers, printing materials, software, etc. to customers. In addition, it provides its services in the healthcare sector.
The company posted its Q2 earnings on August 9. The revenue jumped 44.1% YoY to US$162.6 million. Its revenue in the same quarter in 2020 saw a 11.3% jump from the prior quarter of 2019.
Its net income (loss) was US$9.6 million or US$0.08 per diluted share compared to a net loss of US$38 million or US$0.33 per share diluted in the year-ago period.
The gross profit increased by 42.4% YoY, while operating expenses surged 14.5% YoY to US$79.1 million.
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Fulcrum Therapeutics Inc.
Fulcrum is an American biopharmaceutical firm that provides a range of products to treat rare diseases like losmapimod.
The Massachusetts-based company posted a revenue of US$4.38 million for the quarter ended June 2021 compared to US$2 million in the year-ago period, beating analysts' forecast.
The cash, cash equivalent, and marketable securities for the period rose to US$125.6 million from US$112.9 million as of December 31, 2020.
The company posted a net loss of US$19.6 million compared to the net loss of US$15.7 million for the year-ago quarter.
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Share Performance
The 3D Systems stock's 52-week highest and lowest stock price was US$4.60 and US$56.50, respectively. The stock grew by over 228.94% YTD. Its market cap is US$4.307 billion.
Fulcrum's stock jumped more than 51% YTD. Its 52-week highest and lowest share value was US$6.85 and US$22.09. The biopharmaceutical firm's market cap is US$613.396 million.
