Technology

3D Systems Earnings Leave Expectations in the Dust

courtesy of 3D Systems Inc.

3D Systems Corp. (NYSE: DDD) reported fourth-quarter and full-year 2015 results before markets opened Monday. For the quarter, the 3D printer maker reported adjusted diluted earnings per share (EPS) of $0.19 and $183.4 million in revenues. In the same period a year ago, 3D Systems reported EPS of $0.21 on revenue of $187.44 million. Fourth-quarter results also compare to the Thomson Reuters consensus estimates for EPS of $0.03 and $166.38 million in revenue.

For the full year, 3D Systems reported EPS of $0.27 and revenues of $666.16 million. That compared with 2014 EPS of $0.70 and revenues totaling $653.65 million. Analysts were looking for EPS of $0.11 and revenues of $646.55 million.

On a GAAP basis, the company posted a quarterly loss of $5.32 and a full-year loss of $5.85 per share. The company took a $537 million goodwill and intangibles impairment charge in the fourth quarter.

Short interest has been dropping in 3D Systems, falling by nearly 10 million shares over the past 12 months. The share price has added about 22% since late January, but the company’s stock has a long climb back to its peak of around $97 in December of 2013.


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