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3D Systems (DDD) Q1 Earnings Flat Y/Y, Revenues Decline

Headquartered in Rock Hill, SC, 3D Systems Corp. DDD is a leading provider of 3D content-to-print solutions including 3D printers, print materials, on-demand custom parts services and 3D authoring solutions for professionals and consumers, worldwide. The company also provides scanners for a variety of medical and mechanical X-Ray film digital archiving.

3D Systems has been making consistent efforts to strengthen its operational efficiency and expand its business via acquisitions. Surging popularity of 3D printing in almost every field, ranging from automotive and consumer products to defense and industrial/business machines, has provided the much-needed pick-up for the company after a relatively gloomy 2015.

The company has had a bumpy earnings history, wherein it missed estimates two times in the last four quarters, leading to an average negative earnings surprise of 45.8%. However, recent estimate revision activity for DDD has been positive, as the consensus estimate for the stock has moved north over the last couple of months.

Currently, DDD has a Zacks Rank #2 (Buy) but that could definitely change following its first quarter 2016 earnings report, which has just released. We have highlighted some of the key stats from this just-revealed announcement below:

Earnings: DDD’s non-GAAP earnings came in at 5 cents per share, in line with the prior-year quarter’s figure.

Revenue: Revenues fell 5.1% year over year to $152.6 million.

Key Stats: A continued challenging operating environment and a shift away from consumer products and services led to the year-over-year decline in revenues.

Stock Price: Shares rose 6% in the pre-market trading session at the time of writing, as investors seemed optimistic about the company’s results.

Check back later for our full write up on this DDD earnings report later!

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3D SYSTEMS CORP (DDD): Free Stock Analysis Report
 
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