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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.

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