3D Systems Cuts FY13 Non-GAAP EPS View, Narrows Revenue Forecast - Quick Facts

(RTTNews) - 3D Systems Corp. (DDD) now expects full-year 2013 revenue to be in the range of $513 million - $514 million, within its prior raised guidance range of $500 million - $530 million on over 30% organic revenue growth and more than 50% total revenue growth for the fourth quarter of 2013. Analysts polled by Thomson Reuters estimate revenues of $514.24 million for 2013.

Compared with its expectations, the firm experienced much stronger professional 3D printers and materials demand and softer on-demand parts and consumer demand during the fourth quarter. Therefore, it anticipates December backlog nearly doubled sequentially to $28 million which included multiple advanced manufacturing 3D printers orders that it plans to deliver over the next year.

Further, non-GAAP earnings per share are currently expected to be in the range of $0.83 - $0.87, below its earlier guided range of $0.93 - $1.03 and its GAAP earnings per share to be in the range of $0.43 - $0.45. On average, 19 analysts project earnings per share of $0.96 for 2013. Analysts' estimates typically exclude one-time items.

The company expects to announce its fourth-quarter and full-year 2013 results on February 28, 2014.

For 2014, 3D Systems sees 2014 revenue to be in range of $680 million - $720 million, GAAP earnings per share in the range of $0.44 - $0.56 and non-GAAP earnings per share of $0.73 - $0.85. Analysts anticipate earnings per share of $1.27 on $671.29 million in revenue in 2014.