3D Systems Lowers Outlook After Q2 Miss – What’s Going On?

3D Systems Corporation (NYSE:DDD) reported a second-quarter revenue decline of 8.5% year-over-year to $128.2 million, predominantly driven by expected weakness in the dental orthodontics markets, missing the consensus of $134 million. Adjusted revenue increased 2% Y/Y.

The adjusted gross margin expanded by 90 bps to 38.9%.