- #34 before earnings
ROCK HILL, S.C. (AP) _ 3D Systems Corp. (DDD) on Wednesday reported a loss of $8.4 million in its second quarter.
On a per-share basis, the Rock Hill, South Carolina-based company said it had a loss of 8 cents. Earnings, adjusted for stock option expense and costs related to mergers and acquisitions, were 8 cents per share.
The results did not meet Wall Street expectations. The average estimate of seven analysts surveyed by Zacks Investment Research was for earnings of 13 cents per share.
The maker of 3D printers posted revenue of $159.5 million in the period, which also missed Street forecasts. Six analysts surveyed by Zacks expected $163 million.
3D Systems expects full-year earnings to be 46 cents per share.
3D Systems shares have climbed 28 percent since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $17.01, an increase of 40 percent in the last 12 months.
No comments:
Post a Comment