- Citing gross margin pressure stemming from an unfavorable mix, along with heavy spending, 3D Systems (DDD -27.4%) now expects to report 2013 EPS of $0.83-$0.87, below prior guidance of $0.93-$1.03 and a $0.96 consensus. Revenue is expected to be in a range of $513M-$514M, in-line with guidance of $500M-$530M but slightly below a $514.2M consensus.
- 3D's full-year guidance implies Q4 EPS of just $0.16-$0.20, far below a $0.30 consensus.
- The company also now expects 2014 revenue of $680M-$720M and EPS of $0.73-$0.85. While the former is above a $671.3M consensus, the latter is below a $1.27 consensus.
- Whereas 3D's gross margin rose 80 bps Y/Y in Q3, it's expected to be down slightly in Q4.
- With the company carrying steep multiples going into today, 3D Systems investors aren't taking the news well. Neither are investors in peers Stratasys (SSYS -12.3%), ExOne (XONE -13.7%), and Voxeljet (VJET -10.1%).
- Other companies occasionally hyped as 3D printing plays are also off sharply: PRLB -6.2%. PRCP -10.7%. CIMT -6.3%.
- 3D's full Q4 results are due on Feb. 28.
at CNBC.com (Nov 18, 2014)