3D printing stocks performed well Friday morning thanks to 3D Systems’ (DDD) fourth-quarter results.
DDD stock is up about 2.2% as the company posted results which were in line with guidance provided by the company on February 5. 3D Systems’ fourth-quarter margin was 51.7% flat year-to-year but down 90 bps quarter-to-quarter.
Product revenue is up 76% year-to-year and print materials growth rose to +39% from 30% with services growth falling from 38% to 33%.
Overall, the stock is down about 18% YTD despite its impressive fourth-quarter results.
Voxeljet (VJET) also benefited from the news as VJET stock is up about 3.5% Friday.
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