(Corrects paragraphs 1 and 2 to say 3D Systems cut its adjusted
profit forecast for the full year, not fourth quarter)
Feb 5 3D Systems Corp estimated its 2013
adjusted profit below its forecast, hurt by softer demand for
its printed parts and consumer printers, sending its shares
tumbling 25 percent.
The largest listed 3D printer company estimated that it
earned 83 to 87 cents per share on an adjusted basis in 2013.
The company had forecast earnings of 93 cents to $1.03 per
3D Systems also said it expected full-year 2014 adjusted
earnings of 73 to 85 cents per share on revenue of $680 million
to $720 million.
Analysts on average expect 2014 earnings of $1.27 per share
on revenue of $671.3 million, according to Thomson Reuters
3D System's shares were trading at $56.92 in early trading
(Reporting By Sampad Patnaik in Bangalore; Editing by Savio