3D Systems Lowers Outlook After Q2 Miss - What's Going On?
Portfolio Pulse from Anusuya Lahiri
3D Systems Corporation reported a Q2 revenue decline of 8.5% YoY to $128.2 million, missing the consensus of $134 million. The company also reported an adjusted EPS of $(0.07), missing the consensus loss of $(0.05). The company lowered its FY23 revenue outlook to $525 million - $545 million from the prior expectation of $545 million and $575 million. DDD shares are trading lower by 7.73% at $7.46.
August 09, 2023 | 6:51 pm
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3D Systems reported lower than expected Q2 results and lowered its FY23 revenue outlook, leading to a drop in its share price.
3D Systems reported a Q2 revenue decline and missed the consensus, which indicates a weaker than expected performance. Additionally, the company lowered its FY23 revenue outlook, which could be a sign of continued weakness. These factors are likely to negatively impact investor sentiment and put downward pressure on the stock price.
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