3D Systems Shares Dive on Revenue Miss

by Christopher Freeburn | February 25, 2013 9:59 am

3D Systems Shares Dive on Revenue Miss

thumbs down 3D Systems Shares Dive on Revenue Miss[1]Shares of 3D Systems (NYSE:DDD[2]) plunged more than 15% in Monday morning trading after the company disclosed weaker-than-expected fourth-quarter sales[3].

The manufacturer of three-dimensional printer equipment posted quarterly earnings of $10.9 million, up from $8 million in the same period during the prior year. Adjusted EPS came to 39 cents. That topped the 26 cents a share that Wall Street had expected, Reuters noted.

Though fourth-quarter revenue rose 45% over the previous year, hitting $101.6 million, that fell short of the $103.9 million that analysts had forecast.

The company had previously announced a three-for-two stock split, which became effective on Friday.

3D Systems’ customers include Ford (NYSE:F[4]), Hasbro (NASDAQ:HAS[5]) and Northrop Grumman (NYSE:NOC[6]), among other major manufacturers across diverse sectors[7].

Endnotes:
  1. [Image]: http://investorplace.com/wp-content/uploads/2012/08/thumbs-down.jpg
  2. DDD: http://studio-5.financialcontent.com/investplace/quote?Symbol=DDD
  3. disclosed weaker-than-expected fourth-quarter sales: http://www.reuters.com/article/2013/02/25/3dsytems-results-idUSL4N0BL5MF20130225?feedType=RSS&feedName=technologySector&rpc=43
  4. F: http://studio-5.financialcontent.com/investplace/quote?Symbol=F
  5. HAS: http://studio-5.financialcontent.com/investplace/quote?Symbol=HAS
  6. NOC: http://studio-5.financialcontent.com/investplace/quote?Symbol=NOC
  7. among other major manufacturers across diverse sectors: http://slant.investorplace.com/2013/01/3d-systems-ddd-revolutionary-but-also-overbought/

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