Fast, Free Shipping on All U.S. Orders

3D Systems Trades Up After Reporting Earnings, Misses on Revenue

Posted by 3DPrint360 Staff on

After reporting second quarter earnings this morning, 3d printing giant 3D Systems is up over 15% at the market open.

The company exceeded analyst's expectations on earnings per share (EPS) significantly, coming in at $0.12 per share while those that cover the stock on Wall Street had a consensus closer to $0.06 per share.

Revenue came in at $158.1 million for the quarter, which the company said was anchored by strong performance in healthcare, however it was both down 7% year over year and below an expected $160.01 million for this quarter.

"We see clear opportunities for improvements in 3D printers and on demand manufacturing services as we drive operational excellence and focus on providing reliable end-to-end solutions," said 3D System CEO Vyomesh Joshi this morning.

The company's gross profit margin came in at 50.9%, which is up 3% from the same quarter last year.

← Older Post Newer Post →



Leave a comment