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
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