3D Systems Cuts Quarterly Profit Forecast, Shares Fall


3D Systems Corp estimated its fourth-quarter adjusted profit below its expectations, hurt by softer demand for printed parts and for its consumer printers, sending its shares tumbling 25 percent.

The largest listed 3D printer company now expects adjusted profit of 83 to 87 cents per share in the fourth quarter of fiscal 2013.

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The company had previously forecast earnings of 93 cents to $1.03 per share.

3D Systems also said it expected full-year 2014 adjusted earnings of 73 to 85 cents per share on revenue of $680 million to $720 million.

Analysts on average expect full-year earnings of $1.27 per share on revenue of $671.3 million, according to Thomson Reuters I/B/E/S.

Shares were trading at $56.92 in early trading on Wednesday.