Why 3D Systems Stock Sank by Almost 13% on Wednesday

Company Performance - 3D Systems reported third-quarter revenue of slightly under $113 million, reflecting a 9% year-over-year decline [2] - The net loss for the quarter deepened significantly to almost $179 million, compared to a loss of less than $12 million in the same period last year [2] - Analysts had expected revenue of nearly $116 million and an adjusted net income of $0.10 per share [3] Market Reaction - Following the earnings report, 3D Systems' share price fell nearly 13%, significantly more than the S&P 500 index's decline of 0.4% [1] Guidance and Industry Context - The company updated its full-year revenue guidance to a range of $440 million to $450 million, with an adjusted gross profit margin expected between 38% and 40% [4] - The broader 3D printing industry has been experiencing sluggish performance, and the latest results from 3D Systems are unlikely to restore confidence in the sector [5]