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Technology Stocks : 3D Printing

DDD 2.225

-1.1%

Nov 7 9:30 AM EST

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To: IngotWeTrust who wrote (550)	10/22/2014 11:51:17 AM
From: Glenn Petersen	Read Replies (1) of 902

He was probably referring to DDD: 3D Systems Plunges After Earnings Miss: What Wall Street's Saying BY Chris Ciaccia 10/22/14 - 11:22 AM EDT NEW YORK ( TheStreet) –– 3D Systems ( DDD) was plunging Wednesday after the 3D-printing company said production delays for its newest products were to blame for third-quarter revenue that it expects will have been materially lower than previously expected. In announcing preliminary third-quarter results, CEO Avi Reichental expressed disappointment that the company could not deliver on its promises. "Strengthening sales of the company's design, manufacturing and healthcare products and services were not enough to overcome the revenue shortfall from the continued manufacturing capacity constraints for its direct metals printers and delayed availability of its newest consumer products," Reichental said in a press release. Rock Hill, S.C.-based 3D Systems said it expects non-GAAP earnings to be between 16 cents and 19 cents per share for the third quarter, well below what analysts are expecting. Analysts surveyed by Thomson Reuters are forecast for earnings of 21 cents per share for the quarter. Revenue is also expected to fall short, due to the lack of availability of its newest products. 3D Systems expects revenue to be between $164 million and $169 million, while while analysts are expecting $186 million in revenue. The company is scheduled to release its third quarter 2014 financial results before the open on Monday, November 10. Shares were plunging in early morning trade, falling 14.2% to $37.12 after the earnings warning. Following the press release, analysts were exceptionally negative. Here's what a couple of them had to say: thestreet.com

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