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The company also cut its full-year revenue
forecast to $650 million-$690 million, below analysts'
expectation of $707.5 million. The company had previously
forecast $700 million-$740 million.
3D Systems said it expected to report adjusted earnings of 16
cents-19 cents per share for the third quarter ended September.
The company estimated revenue of $164 million to $169 million.
Analysts on average were expecting earnings of 21 cents per
share on revenue of $186 million, according to Thomson Reuters
I/B/E/S.
The company said sales of its design, manufacturing and
healthcare products could not compensate for the revenue loss
from manufacturing constraints for its direct metal printers, as
well as a delay in availability of its consumer products.
"We are disappointed that we failed to fully capitalize on the
robust demand for our direct metal and consumer products during
the quarter," Chief Executive Avi Reichental said in a
statement.
3D Systems said in April it expected to get most of the revenue
and profit it forecast for 2014 in the second half.
The company's shares were down 10 percent at $38.99 in premarket
trading on Wednesday.
(Reporting by Supantha Mukherjee and Anya George Tharakan in
Bangalore; Editing by Sriraj Kalluvila and Don Sebastian)
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