3D Systems reports second-quarter loss of $13.7 million

MarketsAssociated Press

Systems Corp. (DDD) on Thursday reported a second-quarter loss of $13.7 million, after reporting a profit in the same period a year earlier.

On a per-share basis, the Rock Hill, South Carolina-based company said it had a loss of 12 cents. Earnings, adjusted for one-time gains and costs, were 3 cents per share.

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The results did not meet Wall Street expectations. The average estimate of 10 analysts surveyed by Zacks Investment Research was for earnings of 8 cents per share.

The maker of 3D printers posted revenue of $170.5 million in the period, which also missed Street forecasts. Seven analysts surveyed by Zacks expected $178.3 million.

3D Systems shares have fallen 64 percent since the beginning of the year. The stock has fallen 75 percent in the last 12 months.


This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on DDD at http://www.zacks.com/ap/DDD


Keywords: 3D Systems, Earnings Report