3D Systems (DDD) has disappointed shareholders this quarter after the estimated revenue of their full-year forecast fell well below analyst approximations. The company issued an explanation that also addresses why we have not yet seen the CubeJet 3D printer or the ChefJet systems on the market yet.
According to 3DS, manufacturing constraints delayed the production of their direct metal printers and consumer systems, which caused them to project Q3 earnings of $164 million to $169 million, below analysts’ expectations of $186 million. The company predicts their earnings per share to be between $0.16 to $0.19, which falls short of analyst estimates of $.21. The company’s full-year revenue forecast was, then, cut from their previous $700 million-$740 million projection down to $650 million-$690 million, which falls below the average analysts’ estimate of $707.5 million, according to Reuters.…
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