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3D Systems (DDD) Q3 Earnings, Revenues Grow Y/Y

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Headquartered in Rock Hill, SC, 3D Systems Corp. (DDD - Free Report) 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.

3D Systems has an extremely volatile earnings history, oscillating between incredible beats and abysmal misses over the trailing four quarters. Last quarter, it had posted an incredible beat of 600%, which followed an abysmal negative earnings surprise of 400%. On an average, the company has posted a positive earnings surprise of 33.3%.

3D SYSTEMS CORP Price and EPS Surprise

 

Currently, DDD has a Zacks Rank #3 (Hold) but that could definitely change following its third-quarter 2016 earnings report, which has just released. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.

We have highlighted some of the key stats from this just-revealed announcement below:

Earnings: DDD’s non-GAAP earnings came in at 14 cents per share, growing significantly from the prior-year tally of 1 penny per share.

Revenue: Revenues of $156.4 million lagged the Zacks Consensus Estimate of $162 million.

Key Stats: Robust demand for the company’s software and healthcare solutions, coupled with strong sales of 3D printers and materials into production applications, drove a 3% year-over-year growth in revenues.

Stock Price: Shares had risen about 1% in the pre-market trading session at the time of writing, as investors cheered the company’s top and bottom-line growth.

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

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