Menu

3D Systems Corp disappoints in Q1, shares tumble

By Toby |
Earnings Update by AlphaStreet

Shares of 3D Systems Corp. (NYSE: DDD) slumped 7.7% after the company reported a first-quarter loss of 9 cents per share, wider than the street projection of 1 cent per share.  The top line declined 8% to $152 million, hurt by demand weakness. Analysts were expecting revenues of $166.16 million.

The company reported 90% higher printer unit sales, but as a result of the mix of unit sales, printer revenue decreased 29% year-over-year.

3D Systems has been witnessing a steady deceleration in top-line growth, which has also started affecting its stock.

On a reported basis, net loss widened to 22 cents per share in Q1 from 19 cents per share a year earlier.

CEO Vyomesh Joshi said, “While we expected seasonality in our revenue this year from ordering patterns of enterprise customers, the first quarter was lower than anticipated as a result of shipment timing and additional on-demand weakness.”

READ: FERRARI SHIPMENTS JUMP 22% IN Q1

DDD shares have been almost flattish so far this year, gaining a modest 2%. During the same period, Israel-based rival Stratasys Ltd (NASDAQ: SSYS) has recorded a growth of 26%.

There are multiple product launches in the cards this year and going forward, the focus will be on investments in material innovations and software growth opportunities. Also, the cost-cutting program will continue in the coming months, with the goal of better cash generation.

On Friday, Stratasys reported quarterly adjusted earnings that doubled, helped by its cost control measures. Revenues edged up 1% to $155.3 million.

 

Browse through our earnings calendar and get all scheduled earnings announcements, analyst/investor conference and much more!

Advertisement

704 responses to “3D Systems Corp disappoints in Q1, shares tumble”

  1. ff tool

    […]we prefer to honor quite a few other online sites around the net, even if they aren’t linked to us, by linking to them. Below are some webpages really worth checking out[…]

  2. WordPress Hosting

    […]Wonderful story, reckoned we could combine a few unrelated information, nonetheless genuinely really worth taking a appear, whoa did a single learn about Mid East has got extra problerms too […]

  3. DESERT EAGLE 1911

    […]we prefer to honor quite a few other world-wide-web web sites around the web, even if they aren’t linked to us, by linking to them. Underneath are some webpages really worth checking out[…]

  4. trade show models

    […]Wonderful story, reckoned we could combine a few unrelated information, nevertheless truly worth taking a search, whoa did a single find out about Mid East has got a lot more problerms too […]

  5. Infinix Phones

    […]Wonderful story, reckoned we could combine some unrelated information, nonetheless really really worth taking a appear, whoa did one particular master about Mid East has got a lot more problerms at the same time […]

  6. Best Hp Laptops

    […]Wonderful story, reckoned we could combine several unrelated data, nevertheless definitely worth taking a search, whoa did one particular find out about Mid East has got more problerms as well […]

  7. BIC lighters for sale

    […]Wonderful story, reckoned we could combine a couple of unrelated information, nevertheless seriously really worth taking a search, whoa did a single find out about Mid East has got extra problerms as well […]

  8. lowes tiles

    […]Wonderful story, reckoned we could combine several unrelated data, nonetheless truly really worth taking a search, whoa did 1 learn about Mid East has got much more problerms also […]

  9. wikipedia.or.id

    […]Wonderful story, reckoned we could combine several unrelated information, nonetheless actually really worth taking a search, whoa did one particular discover about Mid East has got extra problerms too […]

  10. rime news

    […]we prefer to honor numerous other world-wide-web sites on the internet, even though they aren’t linked to us, by linking to them. Under are some webpages worth checking out[…]

  11. Gokyo Lake Trek

    […]Wonderful story, reckoned we could combine a handful of unrelated information, nevertheless seriously worth taking a look, whoa did a single understand about Mid East has got additional problerms as well […]

  12. خالد عزازى

    […]Wonderful story, reckoned we could combine a couple of unrelated information, nevertheless seriously really worth taking a look, whoa did one particular learn about Mid East has got extra problerms at the same time […]

  13. onOverseas

    […]Wonderful story, reckoned we could combine several unrelated data, nevertheless seriously really worth taking a look, whoa did one particular study about Mid East has got much more problerms at the same time […]

  14. onOverseas

    […]Wonderful story, reckoned we could combine a handful of unrelated data, nonetheless actually really worth taking a appear, whoa did 1 discover about Mid East has got more problerms as well […]

  15. MILFCity

    […]Wonderful story, reckoned we could combine a handful of unrelated data, nonetheless genuinely worth taking a look, whoa did one particular master about Mid East has got additional problerms also […]

  16. valentine gift

    […]Wonderful story, reckoned we could combine a few unrelated information, nonetheless truly really worth taking a appear, whoa did one find out about Mid East has got a lot more problerms at the same time […]

  17. prodentim

    […]Wonderful story, reckoned we could combine some unrelated data, nonetheless actually worth taking a look, whoa did one find out about Mid East has got much more problerms also […]

  18. FiverrEarn

    […]Wonderful story, reckoned we could combine a couple of unrelated data, nonetheless truly worth taking a appear, whoa did a single understand about Mid East has got a lot more problerms too […]

  19. 918kiss

    […]we like to honor a lot of other online sites around the internet, even if they aren’t linked to us, by linking to them. Underneath are some webpages really worth checking out[…]

  20. nude chat

    […]Wonderful story, reckoned we could combine a handful of unrelated data, nonetheless actually really worth taking a look, whoa did a single learn about Mid East has got far more problerms also […]

  21. elizabeth kerr

    […]we prefer to honor several other world-wide-web sites on the internet, even though they aren’t linked to us, by linking to them. Below are some webpages really worth checking out[…]

  22. gaming

    […]we like to honor a lot of other online internet sites around the web, even though they aren’t linked to us, by linking to them. Below are some webpages really worth checking out[…]

Leave a Reply

Top