3D Sys Q2 Adj $(0.14) Misses $(0.04) Estimate, Sales $113.25M Miss $116.45M Estimate
Portfolio Pulse from Benzinga Newsdesk
3D Systems (NYSE:DDD) reported Q2 losses of $(0.14) per share, missing the $(0.04) estimate by 250%. Sales were $113.25M, below the $116.45M estimate and down 11.66% from last year.
August 29, 2024 | 8:06 pm
News sentiment analysis
Sort by:
Descending
NEGATIVE IMPACT
3D Systems reported a significant earnings miss for Q2, with EPS of $(0.14) against an expected $(0.04), and sales of $113.25M missing the $116.45M estimate. This reflects a 100% increase in losses and an 11.66% decrease in sales compared to last year.
The significant miss on both EPS and sales compared to analyst estimates is likely to negatively impact investor sentiment and put downward pressure on the stock price in the short term. The 100% increase in losses and 11.66% decrease in sales year-over-year further exacerbate the negative outlook.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100