3D Systems (DDD) Misses Q2 EPS by 7c, Lowers FY Guidance
Get Alerts DDD Hot Sheet
Price: $3.43 -1.15%
EPS Growth %: +11.1%
Financial Fact:
Total revenues: 12K
Today's EPS Names:
FRSB, DGICA, UXIN, More
EPS Growth %: +11.1%
Financial Fact:
Total revenues: 12K
Today's EPS Names:
FRSB, DGICA, UXIN, More
Join SI Premium – FREE
3D Systems (NYSE: DDD) reported Q2 EPS of ($0.07), $0.07 worse than the analyst estimate of $0.00. Revenue for the quarter came in at $140 million versus the consensus estimate of $146.8 million.
GUIDANCE:
3D Systems sees 2022 revenue of $530-570 million, versus the consensus of $598 million.
- 3D Systems is lowering its full-year 2022 guidance. The company now expects revenue to be within a range of $530 million to $570 million, reduced from the previous range of $580 million to $625 million. This revenue guidance reflects an estimated $20 million of negative foreign exchange impact, as well as additional negative impacts from reduced customer spending in selected end markets such as dental, elective surgeries and European and Asia Pacific manufacturers caused by the challenging macro-environment. The company expects non-GAAP gross profit margin to be in the range of 39% to 41%. Given its planned investment profile, the company now expects non-GAAP operating expenses to be between $245 million to $250 million. This revised 2022 guidance assumes no significant additional changes in the macroeconomic environment that could negatively impact our business demand or disrupt our supply chain, such as a resurgence of business and/or travel restrictions related to COVID-19, geopolitical events, recession, or foreign exchange rates.
For earnings history and earnings-related data on 3D Systems (DDD) click here.
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- Gilead Sciences (GILD) Misses Q1 EPS by 288c
- Primis Financial (FRST) Misses Q1 EPS by 8c
- USCB Financial Holdings, Inc. (USCB) Tops Q1 EPS by 2c
Create E-mail Alert Related Categories
Earnings, Guidance, Hot GuidanceRelated Entities
EarningsSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!