BUZZ-3D Systems jumps after Q4 rev beat, Q1 outlook above estimates

Reuters01:18
BUZZ-3D Systems jumps after Q4 rev beat, Q1 outlook above estimates

** Shares of 3D Systems DDD.N jump 19.1% to $2.34 on Mon after qtrly rev and forecast surpass analysts' expectations

** DDD shares tracking steepest daily pct gain since Oct 20 and hit over 1-month high

** Rock Hill, South Carolina-based 3D printer maker early Mon reported Q4 rev fell 4.5% y/y to $106.3 mln, but topped ~$98 mln estimate of four analysts, per LSEG

** Adj Q4 EBITDA loss of $5.3 mln down from $19.1 mln a yr-ago, and below consensus view of $7.6 mln loss

** Healthcare solutions segment rev in qtr increased 25% to $50.5 mln compared to prior year period, while industrial segment rev fell 21% to $55.8 mln. After adjusting for Geomagic divestiture, that segment's total rev grew 3% y/y, co said

** For Q1, it sees rev of $91-$94 mln and adj EBITDA loss of $3-$5 mln; analysts had modeled rev of $90.6 mln and adj EBITDA loss of $7.13 mln

** With move on Mon, stock up 32% YTD

** 1 analyst rates stock "buy", the other 3 rate "hold"; 2 analysts have PTs of $2.50 and $4.75 - LSEG

(Lance Tupper is a Reuters market analyst. The views expressed are his own)

((lance.tupper@tr.com 1-646-279-6380))

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