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
Social media app Snapchat has introduced a new location service, Snap Map, that will allow users of the app to see the location of all their friends on a map. The new feature will essentially allow a user to see where his friends are hanging out and what they are up to and also share his own location with friends in real time. The U.S. has suspended all imports of fresh beef from Brazil due to recurring concerns about the safety of the products. The suspension of shipments from Brazil, the fifth largest exporter of beef to the U.S., will remain in place until the Brazilian Ministry of Agriculture takes corrective action, the U.S. Department of Agriculture or USDA said in a statement. The annual Federal stress test was cleared by 34 top banks. The result shows strong capital levels and the ability of large banks to remain capitalized even in stressed situations. The Federal Reserve noted that these banks will be able to lend to households and businesses even at severe recession and throughout the economic cycle.
comments powered by Disqus
Follow RTT