Key Takeaways:
- 3D Systems posted a Q2 loss of 4 cents a share, beating the 5.05-cent consensus.
- Revenue of $94.6 million came in just below the $94.7 million analysts expected.
- The company did not disclose guidance for the current quarter.
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3D Systems beats Q2 EPS estimate with narrower 4-cent loss
3D Systems reported a Q2 loss of 4 cents a share, beating the 5.05-cent consensus estimate, with revenue of $94.6 million.
The Rock Hill, South Carolina-based additive-manufacturing company posted revenue of $94.58 million for the quarter ended June 30, narrowly missing the $94.7 million analysts projected. The per-share loss of 4 cents compared with the 5.05-cent loss Wall Street expected, a beat of 1.05 cents.
The company did not disclose guidance for the third quarter or a year-ago revenue comparison in the release.
The narrower-than-expected loss points to continued cost control at the 3D printing specialist, which competes with Stratasys and HP in industrial additive manufacturing. The sector has faced uneven demand as manufacturers weighed capital spending on printing systems, keeping revenue under pressure across the industry.
The results come as 3D Systems works to stabilize its business after a stretch of volatile demand in the additive-manufacturing market. Investors will watch the next earnings report, expected in early November, for evidence that revenue growth is accelerating as industrial customers resume spending on printing systems. A return to revenue growth would mark a turning point for the company, whose shares have tracked the sector's broader struggles.
This article is for informational purposes only and does not constitute investment advice.
