ROCK HILL, S.C. (AP) _ 3D Systems Corp. (DDD) on Wednesday reported a loss of $10 million in its first quarter.
On a per-share basis, the Rock Hill, South Carolina-based company said it had a loss of 9 cents. Earnings, adjusted for amortization costs and stock option expense, came to 6 cents per share.
The results did not meet Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of 10 cents per share.
The maker of 3D printers posted revenue of $156.4 million in the period, exceeding Street forecasts. Five analysts surveyed by Zacks expected $156.3 million.
3D Systems expects full-year earnings in the range of 51 cents to 55 cents per share, with revenue in the range of $643 million to $684 million.
3D Systems shares have climbed 25 percent since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $16.60, an increase of 8 percent in the last 12 months.
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