3D Systems (DDD) Q1 Earnings Miss Estimates, Revenues Down Y/Y

3D Systems (DDD) reported a non-GAAP loss of 17 cents per share in first-quarter 2024, wider than the Zacks Consensus Estimate of a loss of 7 cents. The company reported a loss of 9 cents per share in the year-ago quarter.DDD generated revenues of $102.9 million, down 15.1% year over year and lagged the consensus mark by 6.4%. The downtick was mainly due to reduced printer sales from macroeconomic challenges affecting hardware demand, partly offset by growth in materials and services.Product revenues declin ...