Shares Are Down For 3D Systems…

By: | July 31st, 2014


Shares are down more than 12% in pre-market trading for 3D Systems, with earning and revenue also coming up short of what the company had predicted.

Revenue was expected to reach $162.3 million but instead only hit $151.5 million and Q2 EPS came in at $0.16 a share versus what 3D Systems though would be $0.18.

The predicted gross margin of 51% was also down, ringing in at $47.8%.

CEO Avi Reichental said, “While transitional forces temporarily pressured our gross profit margin, a detailed examination of the specific drivers, confirms that the fundamentals of our business are intact and our gross profit margins are poised to rebound and resume their expansion trajectory.”

Marshall Smith

Technology, engineering, and design enthusiast.

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