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Velo3D's stock falls 5.68% after the company says its third-quarter sales will be lower.

ResultsRead the original at Benzinga
Neutral

Velo3D expects sales to fall 1% to 6% from the prior quarter but rise 43% to 51% from a year earlier. Last quarter's $29 million in orders and $31 million backlog add support, but this preview gives no fresh update and does not clearly change its outlook.

VELO · Velo3D Inc.

AI read · Neutral

The AI's read

The sales estimate points in two directions: sales would be lower than the prior quarter but higher than a year earlier. Last quarter's orders and backlog offer some support, but this update gives no fresh figures for them. The estimate has not been reviewed, and the final numbers could change.

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