3D Systems Sees Q3 Below View; Cuts 2014 Outlook - Quick Facts

(RTTNews) - 3D Systems Corp. (DDD) announced that it anticipates its third quarter revenue to be in the range of $164 million to $169 million and a sequentially growing order book of $42 million. The company expects to report GAAP earnings per share in the range of $0.01 to $0.03 and non-GAAP earnings per share in the range of $0.16 to $0.19. Analysts polled by Thomson Reuters expect the company to report earnings of $0.21 per share and revenues of $186.00 million for the third-quarter. Analysts' estimates typically exclude special items.

Factoring in its third quarter revenue shortfall and outlook for the remainder of the year, the company trimmed its previous guidance for the full year 2014. The company now expects revenue in the range of $650 million to $690 million, and GAAP earnings per share of $0.18 to $0.28 and non-GAAP earnings per share in the range of $0.70 to $0.80. Wall Street currently is looking for fiscal year 2014 earnings of $0.78 per share on annual revenues of $707.58. million.

The company said in July that it expected revenue to be in the range of $700 million - $740 million, GAAP earnings per share of $0.44 - $0.56 and Non-GAAP earnings per share of $0.73 - $0.85 for fiscal 2014.