3D Systems Posts Q1 Loss And Withdraws Guidance Amid ‘Disappointing’ Consumer Demand

Within the previous year, 3D Systems has posted a chain of poor earnings reports, and the business easily acknowledged at the end of financial 2014 that it anticipated continued headwinds going into its first financial quarter of 2015 — including a negative impact from foreign exchange and adverse effects from the discontinuation of certain heritage products. What it had not been expecting, however, was poor consumer demand on top of these problems. But consequently, the firm posted a Q1 net loss, and that’s exactly what occurred and took its full-year fiscal guidance.

3D Systems reported Wednesday that it recorded $160.7 million in first quarter earnings, a 9% increase over revenues recorded this time last year and an amount that edged above the $159.3 million analyst consensus. Net income for the quarter, nevertheless, was a net loss: the 3D printing company lost $13.2 million (compared to a net gain of $4.9 million in the year-ago quarter).

http://www.forbes.com/sites/maggiemcgrath/2015/05/06/3d-systems-posts-q1-loss-and-withdraws-guidance-amid-disappointing-consumer-demand/#152c914e3bc9