3D Systems Q1 Adj EPS $(0.17) Misses $(0.04) Estimate, Sales $102.91M Miss $117.39M Estimate
Portfolio Pulse from Benzinga Newsdesk
3D Systems reported a significant miss in both earnings and sales for Q1, with an adjusted EPS of $(0.17) against an expected $(0.04), and sales of $102.91M against an expected $117.39M. This represents a substantial decline from the previous year.
August 20, 2024 | 8:19 pm
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NEGATIVE IMPACT
3D Systems reported a Q1 adjusted EPS of $(0.17), missing the $(0.04) estimate by 325%. Sales were $102.91M, missing the $117.39M estimate by 12.34%. Both figures show a significant decline from the previous year.
The significant miss in both earnings and sales compared to analyst estimates and the previous year's performance is likely to negatively impact 3D Systems' stock price in the short term. The 325% miss in EPS and 12.34% miss in sales indicate operational challenges.
CONFIDENCE 100
IMPORTANCE 90
RELEVANCE 100