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3D Systems Q3 Swings to Non-GAAP Loss, Revenue Declines; Full Year Outlook Updated -- Shares Fall
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3D Systems Q3 Swings to Non-GAAP Loss, Revenue Declines; Full Year Outlook Updated -- Shares Fall
Nov 26, 2024 2:13 PM

04:50 PM EST, 11/26/2024 (MT Newswires) -- 3D Systems ( DDD ) reported a Q3 non-GAAP loss late Tuesday of $0.12 per diluted share, swinging from income of $0.01 a year earlier.

Analysts polled by Capital IQ expected a loss of $0.10.

Revenue in the three months ended Sept. 30 fell to $112.9 million from $123.8 million a year earlier.

Analysts surveyed by Capital IQ expected $115.3 million.

The company expects full-year revenue of $440 million to $450 million down from previous guidance between $450 million to $460 million. Analysts polled by Capital IQ expect $452.2 million.

Shares of the company were down nearly 12% in recent after-hours activity.

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