Pacific Crest Securities has downgraded 3D Systems, citing a prolonged search for a new chief financial officer, a “botched” consumer product launch and the toll of recent acquisitions. 3D Systems (DDD) stock was flat in morning trading in the stock market today and is down nearly 45% for the year. Rivals rose, however. Stratasys (SSYS) stock was up 2% Thursday morning, while ExOne (XONE) stock was up 1%. “We have seen many red flags emerge this
3D Systems (DDD) stock fell Thursday after the 3D printer maker reported second-quarter earnings that fell short of expectations. New printer product launches and heavy spending on R&D put pressure on profit margins. 3D Systems reported earnings per share minus items of 16 cents, 2 cents below the consensus estimate of analysts polled by Thomson Reuters. That was down 20% from the year-earlier quarter and the third quarter in a row of
3D Systems (DDD) will report earnings before the market opens Thursday in what has been a tough year for the company. The maker of 3D printers is expected to report second-quarter revenue of $162.3 million, up 34% from the year-ago quarter, based on the consensus estimate of analysts polled by Thomson Reuters. The consensus on earnings per share minus items is 18 cents, a drop of 10% from the year-ago quarter. It would be the third straight