3D Systems Earnings: Here’s Why the Stock is Falling Now

3D Systems Corp. (NYSE:DDD) delivered a profit and missed Wall Street’s expectations, BUT beat the revenue expectation. The revenue beat is a positive sign to shareholders seeking high growth out of the company. Shares are down 5.52%.

3D Systems Corp. Earnings Cheat Sheet

Results: Adjusted Earnings Per Share increased 11.11% to $0.20 in the quarter versus EPS of $0.18 in the year-earlier quarter.

Revenue: Rose 44.48% to $120.8 million from the year-earlier quarter.

Actual vs. Wall St. Expectations: 3D Systems Corp. reported adjusted EPS income of $0.20 per share. By that measure, the company missed the mean analyst estimate of $0.24. It beat the average revenue estimate of $114.5 million.

Quoting Management: “We are pleased to report record revenue and expanded gross profit margin,” said Avi Reichental, 3D Systems’ President and Chief Executive Officer. “We believe that our effective advanced manufacturing and consumer growth initiatives are fueling our growth.”

Key Stats (on next page)…

Revenue increased 18.34% from $102.08 million in the previous quarter. EPS decreased 4.76% from $0.21 in the previous quarter.

Looking Forward: Analysts have a more negative outlook for the company’s next-quarter performance. Over the past three months, the average estimate for next quarter’s earnings has fallen from a profit of $0.29 to a profit $0.28. For the current year, the average estimate has moved up from a profit of $1.05 to a profit of $1.06 over the last ninety days.

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(Company fundamentals provided by Xignite Financials. Email any earnings discrepancies to earnings [at] wallstcheatsheet.com)