3D Systems (DDD) Misses Q2 EPS by 32c; Withdraws Guidance

October 31, 2017 4:06 PM EDT

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3D Systems (NYSE: DDD) reported Q2 EPS of ($0.20), $0.32 worse than the analyst estimate of $0.12. Revenue for the quarter came in at $159.2 million versus the consensus estimate of $162.91 million.

"While third quarter results did not meet our expectations, we believe actions taken during the quarter both organizationally and operationally better position the company for long term success," commented Vyomesh Joshi (VJ), Chief Executive Officer, 3D Systems. "During the quarter, we reorganized the go to market team, changing key leadership positions in both the Americas and the Asia Pacific region while shifting to a worldwide go to market structure. We also completed a deep and comprehensive review of our portfolio based on year to date demand, market trends and a solid understanding of where we meet and will continue to meet customers' expectations."

Full Year 2017 Guidance

Management is focused on building the company for long term growth, profitability and success. This includes significant transformational work in solving for legacy issues while at the same time addressing current and go forward execution. Predictability has been difficult in this environment, and therefore, management believes it is prudent to withdraw guidance at this time.

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

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