3D Systems Corp reports results for the quarter ended June 30 - Earnings Summary

• 3D Systems Corp DDD.N reported a quarterly adjusted loss of 7 cents​​ per share for the quarter ended June 30, higher than the same quarter last year, when the company reported EPS of -14 cents. The mean expectation of four analysts for the quarter was for a loss of 16 cents per share. Wall Street expected results to range from -18 cents to -14 cents per share.

• Revenue fell 16.3% to $94.84 million from a year ago; analysts expected $95.72 million.

• 3D Systems Corp's reported EPS for the quarter was 57 cents​.

• The company reported quarterly net income of $104.44 million.

• 3D Systems Corp shares had risen by 15.6% this quarter and lost 45.7% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 38.7% in the last three months.​

• In the last 30 days, there have been no earnings estimate revisions by analysts covering the company.

RECOMMENDATIONS

• The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 1 "strong buy" or "buy," 3 "hold" and no "sell" or "strong sell." The average consensus recommendation for the electronic equipment & parts peer group is "buy."

• Wall Street's median 12-month price target for 3D Systems Corp is $2.00, about 12% above its last closing price of $1.76

This summary was machine generated from LSEG data August 11 at 09:54 p.m. UTC. ​All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)