Market Overview

3D Systems Issues Profit Warning, Shares Tumble

Share:
Related DDD
Wall Street's M&A Chatter From January 31
Watch These 8 Huge Call Purchases In Monday Trade
Why 3D Systems Will Likely Beat EPS Estimates (Seeking Alpha)

Shares of 3D Systems Corporation (NYSE: DDD) are sharply lower in Wednesday's pre-market trading after the company warned that it would miss third-quarter profit and sales forecasts due to production delays.

The company guided earnings per share of $0.16 to $0.19 versus previous estimates of $0.21 and revenues of $164 million to $169 million versus prior consensus of $186 million.

Avi Reichental, President and CEO, said "We are disappointed that we failed to fully capitalize on the robust demand for our direct metal and consumer products during the quarter." He also expects the revenue growth rate to increase.

Shares were trading at $39.35, down 9.3 percent.

Posted-In: Avi ReichentalEarnings News Guidance Pre-Market Outlook Movers

 

Related Articles (DDD)

View Comments and Join the Discussion!