logo
Share SHARE
FONT-SIZE Plus   Neg

3D Systems Q4 Profit Up 63% - Quick Facts

3D Systems Corp. (DDD) Monday reported an increase in profit for the fourth-quarter, helped mainly by a 45 percent rise in revenues.

Net income for the quarter increased to $22.6 million or $0.39 per share from $13.8 million or $0.27 per share in the same period last year. On average, seven analysts polled by Thomson Reuters expected the company to earn $0.38 per share for the quarter.

Revenues totaled $101.6 million, up 45.4 percent from $69.9 million. Analysts expexcted revenues of $103.86 million.

Looking ahead to the fiscal 2013, the company has forecast adjusted earnings in a rnage of $1.00 to $1.15, on a post-split basis. Revenues are expected to range between $440 million and $485 million.

Analysts currently expect the company to report full-year earnings of $1.58 per share on revenues of $442.2 million.

This guidance includes acquisition of Geomagic, which is expected to close by the end of February 2013.

by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

Quick Facts

Editors Pick
Stocks have moved mostly higher in early trading on Wednesday, adding to the gains posted in the previous session. The major averages have all climbed into positive territory, continuing to recover from Monday's sell-off. Venus and Jupiter, two old romantics in the night sky, danced last night after flirting all month. The two planets appeared so close they looked as though they were colliding. After reporting a sharp increase in U.S. construction spending in the previous month, the Commerce Department released a report on Wednesday showing that construction spending saw further upside in the month of May.
comments powered by Disqus
RELATED NEWS
Trade DDD now with 
Follow RTT