Friday, March 08, 2013

3D Systems Corporation(NYSE:DDD) 3D printing yet again

3D Systems Corporation (DDD) reported earnings on February 25th. The company reported adjusted EPS of $0.39 (before split), a cent over views, but missed revenue expectations, as it reported $101.6 million, and analysts were expecting $103.86 million. Revenue was up 45% over the same quarter last year, and 54% for the year, reaching $354.6 million.

The management said on the conference call that the company introduced 16 new products, and that revenue from new products increased 70% to $131.9 million. Gross margin expanded 390 basis points to 51.2%. Organic growth for the year was 22.4% and 18.8% in the fourth quarter.

Meanwhile the stock continues the downward trend with a possible short term reveral today.

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