3D Systems' Stock Jumps After Upbeat Revenue Outlook

3D Systems Corp.'s stock shot up 6.7% in premarket trade Thursday, after the 3D digital design products company provided a fourth-quarter revenue outlook that was above expectations. The company said it expects revenue of $183 million, compared with the FactSet consensus of $160.2 million. Full results are scheduled to be released before the market opens on Feb. 29. The company said it expects to record a goodwill and intangibles impairment charge in the range of $510 million to $570 million in the fourth quarter. The charge isn't expected to impact future business activities or cash flow, the company said in a statement. "Industry conditions remain challenging and demand may be uneven in the coming periods," said Interim Chief Executive Andy Johnson. "We are prioritizing our resources around professional and industrial applications to foster sustainable growth and improve profitability." The stock has dropped 11% over the past three months through Wednesday, in line with the S&P 500's decline.