3D Systems Corp. (DDD) Thursday reported a decline in profit for the second quarter, due mainly higher operating expenses and tax provisions, not withstanding a 52 percent growth in revenues.
The Rock Hill, South Carolina-based company's second-quarter net profit was $8.32 million or $0.16 per share, compared to $13.37 million or $0.26 per share last year.
Adjusted income for the quarter rose to $13.95 million or $0.27 per share from $9.72 million or $0.19 per share in the prior-year quarter.
On average, seven analysts polled by Thomson Reuters expected the company to earn $0.27 per share for the quarter. Analysts' estimates typically exclude special items.
Total revenues for the quarter surged to $83.61 million from $55.13 million in the prior-year quarter. Six analysts had a consensus revenue estimate of $84.10 million for the quarter.
For the quarter, total operating expenses increased to $28.97 million from $17.20 million in the year-ago quarter. The company posted an income tax provision of $1.94 million compared to income tax benefit of $5.48 million last year.
Looking ahead, the company backed its full-year 2012 adjusted earnings guidance range of $1.00 to $1.25 per share and revenue guidance range of $330 million to $360 million. Analysts currently expect the company to earn $1.14 per share for the year, with revenues of $347.62 million.
For comments and feedback contact: editorial@rttnews.com
Business News
June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.