Small Cap Movers

3D Systems swoons on ghastly Q1 results

Jennifer Schonberger | May 09, 2008 09:54am EDT | Comment
Rating: Unrated

Shares of 3D Systems Corp. (Nasdaq:TDSC) are plummeting out of the gate after the provider of 3-D modeling, rapid prototyping and manufacturing services posted a substantially wider-than-forecasted first-quarter net loss and anemic revenues that slumped below the consensus on Wall Street.

The lackluster results were owed to lower sales of large-frame rapid manufacturing systems on account of soft demand in the U.S. market for prototypes and functional parts produced on these systems. Lower selling prices and a lower success rate to close new systems sales also contributed to the down quarter.

Shares crumbled 30%, or $4.11, to $10.01 at 9:52 a.m. For detailed price information and recent news stories about 3D Systems, click TDSC.

Jennifer Schonberger

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Reporter Jennifer Schonberger is based in SmallCapInvestor.com's Washington, D.C. bureau.