3D Systems (DDD 16.32%) stock is making big gains in Thursday's trading. The company's share price was up 15.4% as of 11:15 a.m.
DDD's printing potential bodes well. However, declining revenues and soft demand due to macroeconomic challenges cloud its outlook.
3D Systems (DDD -13.49%) is not heading into the Thanksgiving holiday on a high note. The 3D printing specialist reported its latest set of quarterly results; as these missed on both the top and bottom lines, the market reacted negatively.
DDD's Q3 results suffer from reduced printer sales, led by macroeconomic challenges impacting hardware demand.
3D Systems Corporation (NYSE:DDD ) Q3 2024 Earnings Conference Call November 27, 2024 8:30 AM ET Company Participants Mick McCloskey - Vice President, Investor Relations Jeffrey Graves - President and Chief Executive Officer Jeff Creech - Executive Vice President and Chief Financial Officer Conference Call Participants Jim Ricchiuti - Needham & Company Danny Eggerichs - Craig-Hallum Troy Jensen - Cantor Fitzgerald Ananda Baruah - Loop Capital Markets Tyler Hutin - William Blair Jacob Stephan - Lake Street Capital Markets Operator Greetings, and welcome to the 3D Systems Third Quarter 2024 Conference Call and Webcast. At this time, all participants are in a listen-only mode.
3D Systems is a world leader in 3D printing and offers a complete portfolio of metal and plastic materials. It enjoys a solid positioning in the healthcare segment (dental, prosthesis, and regenerative medicine). As the sector makes losses and consolidates, the firm could reinforce its positioning.
3D Systems' preliminary Q3 report arrived with news that's worrying investors.
3D Systems gains FDA clearance for its advanced jetted denture solution, enhancing durability and efficiency in dental labs for an improved patient experience.
DDD does not offer a good investment opportunity due to challenging macroeconomic conditions and stiff competition.
The 3D printing specialist saw a double-digit fall in quarterly revenue. This was due largely to one client, however.
Stratasys reported declining sales and a big GAAP loss yesterday. Today, its rival in 3D printing, 3D Systems, reported pretty much the same thing.
3D Systems Corporation (NYSE:DDD ) Q2 2024 Earnings Conference Call August 29, 2024 5:00 PM ET Company Participants Mick McCloskey - Vice President, Investor Relations Jeffrey Graves - President & Chief Executive Officer Jeff Creech - Executive Vice President & Chief Financial Officer Conference Call Participants Troy Jensen - Cantor Fitzgerald Danny Eggerichs - Craig-Hallum Jim Ricchiuti - Needham & Company Ananda Baruah - Loop Capital Markets Operator Hello, and welcome to the 3D Systems First Half 2024 Conference Call and Webcast. At this time, all participants are in a listen-only mode.