3D Systems misses revenue estimates, reports larger Q4 loss, announces cost-reduction initiative
From Stocktwits: 2025-03-28 00:52:00
3D Systems reported a 3% decline in revenue to $111 million, missing Wall Street’s estimate of $115.2 million, causing their stock to drop 21% after a larger-than-expected Q4 loss. The company posted an adjusted loss of $0.19 per share, compared to analysts’ expected loss of $0.11 per share. They reported a net loss of $33.7 million, with revenue impacted by an $8.7 million accounting estimate change. CEO Jeffrey Graves mentioned a challenging 2024 but noted an uptick in industrial printer system sales. The company launched a cost-reduction initiative targeting $50 million in savings and forecasted 2025 revenue of $420-435 million. Stocktwits showed increased bullish sentiment, with one trader predicting a rebound in shares due to manufacturing investment. Shares have fallen 34.5% YTD.
Read more at Stocktwits: 3D Systems Stock Tumbles After Bigger-Than-Expected Q4 Loss
