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3D Systems on the move after preliminary results

Feb. 11, 2016 8:44 AM ET3D Systems Corporation (DDD) StockBy: Stephen Alpher, SA News Editor1 Comment
  • The company expects Q4 revenue to come in at $183M vs. $160M expected. The charge related to the shift away from consumer products will be about $27M.
  • After annual goodwill and intangibles testing, the company anticipates booking a noncash charge of $510M-$570M.
  • At year-end, NYSE:DDD had $156M in the bank and no draws under its $150M revolver.
  • Interim CEO Andy Johnson: "Industry conditions remain challenging and demand may be uneven in the coming periods."
  • Full Q4 results are due on Feb. 29.
  • Source: Press Release
  • Shares +10.9% premarket to $8.95.

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