3D Systems tumbles on dismal earnings
3D Systems Corp. shares slumped on Thursday after the 3D printer company reported disappointing quarterly results. 3D Systems late Wednesday posted third-quarter adjusted earnings of a penny a share, below the 8 cents a share forecast by analysts in a FactSet survey. Revenue also fell short of expectations at $151.6 million versus a consensus estimate of $181 million. The company blamed "challenging market conditions" for its poor financial performance. Shares of 3D Systems were down 8.2% to $10.55.
Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.