3D Systems (DDD) Misses Q1 EPS by 6c

3D Systems (NYSE: DDD) reported Q1 EPS of ($0.06), $0.06 worse than the analyst estimate of $0.00. Revenue for the quarter came in at $133 million versus the consensus estimate of $132.67 million.

Updating 2022 Outlook:

3D Systems is narrowing its full-year 2022 guidance. The company now expects revenue to be within a range of $580 million and $625 million. The company expects non-GAAP gross margins to be between 40% to 43%. Given the company's planned investment profile, the company now expects non-GAAP operating expenses to be between $235 million and $250 million. This 2022 guidance assumes no significant changes in macroeconomic events that could negatively impact our business, such as COVID-19, geopolitical events, or other factors that could impact either demand or disrupt our supply chain.

For earnings history and earnings-related data on 3D Systems (DDD) click here.

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