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DDD

3D Systems (DDD) Q2 Earnings Beat Estimates, Revenues Weak

Headquartered in Rock Hill, SC, 3D Systems Corp.DDD 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.

The company has had a dismal earnings history, wherein it missed estimates by a huge margin thrice in the last four quarters, leading to an average negative earnings surprise of 158.3%.

3D SYSTEMS CORP Price and EPS Surprise

3D SYSTEMS CORP Price and EPS Surprise | 3D SYSTEMS CORP Quote

Currently, DDD has a Zacks Rank #3 (Hold) but that could definitely change following its second-quarter 2016 earnings report, which has just released. We have highlighted some of the key stats from this just-revealed announcement below:

Earnings: DDD's adjusted earnings came in at 6 cents per share, beating the Zacks Consensus Estimate of breakeven level by a colossal margin.

Revenue: Revenues of $158.1 million lagged the Zacks Consensus Estimate of $161 million.

Key Stats: A continued challenging operating environment and a shift away from consumer products and services led to the 7% year-over-year decline in revenues.

Stock Price: Shares had risen about 3% and were trending up in pre-market trading session at the time of writing, as investors cheered the company's results.

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

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3D SYSTEMS CORP (DDD): Free Stock Analysis Report

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.


The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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