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
Galaxy Entertainment Group (WYNN) Friday announced that it has agreed to purchase 5.3 million primary shares of Wynn Resorts Ltd. at a price of $175 a share, resulting in $927.50 million of gross proceeds to Wynn Resorts. The two sale, combined with a previous sale effectively eliminate ownership of founder and former CEO Steve Wynn in Wynn Resorts. Starbucks wants to be more efficient but it is risking the fragile loyalty of its most devoted customers. The ubiquitous chain plans a major push to get coffee lovers to use its mobile app to place their orders, but regulars prefer to buy their lattes by waiting in the queue. According to reports,... Taco Bell, the Mexican fast-food chain owned by Yum Brands Inc. (YUM), Thursday said it will start selling tortilla chips in grocery and convenience stores starting May. The chips will be available in Fire and Mild sauce packet flavors and also in a Classic flavor. "This launch of our first line...
comments powered by Disqus
Follow RTT