While it has yet to ship a single 3D printer, Hewlett-Packard (HPQ) is in a strong position to lead the market, says UBS. HP expects to begin delivering its first 3D printers in late 2016 and will target sales to businesses and other enterprises. HP’s timing is good, says the investment bank, after the early 3D printer leaders Stratasys (SSYS) and 3D Systems (DDD) encountered some big ups and big downs. “The market was overhyped, with the
3D Systems (DDD) reported a smaller-than-expected second-quarter adjusted profit Thursday, an indication of the ongoing woes in the 3-D printer market. 3D Systems reported earnings per share minus items of 3 cents, well below the consensus estimate of 9 cents as polled by Thomson Reuters, and down from 16 cents a year ago. The full GAAP loss came to $13.7 million, or 12 cents per share, vs. a $2.1 million profit or 2-cent EPS a year earlier.
Amid troubled times in the 3-D printer business, 3D Systems (DDD) is expected to report a big drop in second-quarter earnings before the market open Thursday. The consensus estimate is revenue of $173.2 million, up 14% from the year-earlier quarter. The consensus on earnings per share minus items, among analysts polled by Thomson Reuters, is 9 cents, down 44%. 3D Systems declined to provide full-year guidance after posting first-quarter earnings