3D Systems Q4 Adj EPS $(0.11) Misses $(0.01) Estimate, Sales $114.85M Miss $126.63M Estimate
Portfolio Pulse from Benzinga Newsdesk
3D Systems (NYSE:DDD) reported a significant miss in its Q4 earnings, with an adjusted EPS of $(0.11), missing the $(0.01) estimate by 1000%. Sales were $114.85M, also missing the $126.63M estimate by 9.30%. This represents an 83.33% decrease in EPS and a 13.47% decrease in sales from the same period last year.
February 27, 2024 | 11:26 pm
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3D Systems reported a significant miss in Q4 earnings and sales, with adjusted EPS of $(0.11) and sales of $114.85M, missing estimates significantly.
The significant miss in both earnings and sales compared to analyst estimates, especially the 1000% miss in EPS, is likely to negatively impact investor sentiment and the stock price of 3D Systems in the short term. The comparison to last year's figures also highlights a deteriorating financial performance, further justifying a negative outlook.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100