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

Editors Pick
The bench to bedside journey of drugs is fraught with challenges. It is estimated that only 5 in 5,000 compounds that enter preclinical testing make it to human testing, and out of those 5, only 1 may pass through all the regulatory hurdles needed to reach pharmacy shelves. Major League Baseball is talking expansion for the first time in a few decades. Owners stand to make a pretty penny from expansion fees and subsequent television rights. The possibility of a more balanced schedule is also enticing. Strong expansion candidates in the U.S. and Canada are ready... The New York Times is teaming up with Google again to give away Google Cardboard, the virtual reality headsets, but this time only to its "most loyal" digital subscribers. The company said that the digital-only subscribers selected for this distribution were chosen based on the duration of their subscriptions.
comments powered by Disqus
Follow RTT