3D SYSTEMS

(3D SYSTEMS)

3D Systems Revenue, Profit Estimates Miss Wall Street

Earnings Reuters

3D printer maker 3D Systems Corp (DDD) estimated first-quarter revenue and profit well below analysts' expectations, saying a weaker euro and yen and the aftershock of lower oil prices had forced its aerospace, automotive and healthcare clients to curb orders.

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Shares of 3D Systems were down 10.3 percent at $27.05 in premarket trading on Friday.

The company estimated adjusted earnings of 2-4 cents per share and revenue between $158 million and $160 million for the first quarter ended March.

Analysts on average were expecting a profit of 17 cents per share and revenue of $182.8 million, according to Thomson Reuters I/B/E/S.

(Reporting by Abhirup Roy in Bengaluru; Editing by Maju Samuel)