3D Systems Withdraws Its Full-year 2023 Financial Guidance In Response To Softening Outlook For Customer Capital Spending On New Production Capacity
Portfolio Pulse from Benzinga Newsdesk
3D Systems has withdrawn its full-year 2023 financial guidance due to a softening outlook for customer capital spending on new production capacity.
October 25, 2023 | 12:03 pm
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NEGATIVE IMPACT
3D Systems' decision to withdraw its 2023 financial guidance could negatively impact investor sentiment and potentially lead to a short-term decrease in its stock price.
3D Systems' withdrawal of its 2023 financial guidance indicates potential challenges in its business environment, specifically in customer capital spending. This could lead to reduced revenues and profitability, which may negatively impact the company's stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100