3D Systems (DDD) Trades Strong Following Prelim. Q4 Revenue Outlook, Inventory Write-Down Charge

3D Systems (NYSE: DDD) shares are trading strong Thursday after the company announced plans earlier to hold a conference call and simultaneous webcast to discuss its financial results for the fourth quarter and full year of 2015 on Monday, February 29, 2016, at 8:30 a.m. Eastern Time.

Along with the announcement, 3D Systems said:

"In connection with its annual goodwill and intangibles testing, the company expects to record a non-cash goodwill and intangibles impairment charge in the fourth quarter of 2015 in the range of $510 million to $570 million. These impairment charges will not impact the company’s future business activities or cash flows. As of December 31, 2015, the company closed the quarter with approximately $156 million of cash on hand and had no borrowings under its $150 million revolving credit facility.

"Additionally, the company expects to report revenue for the fourth quarter of approximately $183 million and that the previously disclosed charge related to inventory write downs and purchase commitments in connection with its shift away from consumer products will be approximately $27 million."

(The Street consensus called for Q4 revenue of $161 million.)

Shares of 3D Systems are up over 8 percent.

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