3D Systems Corporation (DDD) reported quarterly earnings results on Wednesday, Aug-3-2016. The company said it had a profit of $0.12 Earnings per Share for the quarter. The results exceeded Wall Street expectations beating the analyst consensus estimate by $0.06. Analysts had a consensus of $0.06. The company posted revenue of $158.11 million in the period, compared to analysts expectations of $160.93 million. The company’s revenue was down -7.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.03 EPS.
Many Wall Street Analysts have commented on 3D Systems Corporation. 3D Systems Corporation was Downgraded by Piper Jaffray to ” Underweight” on Jul 18, 2016. FBR Capital Initiated 3D Systems Corporation on May 24, 2016 to “Mkt Perform”, Price Target of the shares are set at $14.50.
3D Systems Corporation closed down -0.53 points or -4.17% at $12.18 with 45,43,422 shares getting traded on Tusday. Post opening the session at $12.63, the shares hit an intraday low of $11.98 and an intraday high of $12.749 and the price fluctuated in this range throughout the day.Shares ended Tusday session in Red.
In a different news, on May 13, 2016, G Walter Ii Loewenbaum (director) purchased 20,000 shares at $12.07 per share price. According to the SEC, on Sep 10, 2015, Andrew Martin Johnson (EVP, Chief Legal Officer & Sec) sold 8,000 shares at $13.32 per share price. On Sep 4, 2015, Kevin S Moore (director) purchased 6,000 shares at $12.94 per share price, according to the Form-4 filing with the securities and exchange commission.
3D Systems Corporation is a holding company. The Company is a provider of three-dimensional (3D) printing centric solutions. It provides 3D design-to-manufacturing solutions including 3D printers print materials and cloud sourced custom parts. Its healthcare solutions include end-to-end simulation training and planning and printing of surgical instruments and devices for personalized surgery and patient specific medical and dental devices. It also provides software and haptic and perceptual devices for design including 3D digital design scan-to-computer-aided design (CAD) scan-to-print reverse engineering inspection sculpting and medical modeling and simulation applications. For its healthcare customers it also offers virtual surgical planning and medical modeling services digitizing scanners and simulation products. The Company operates in the Americas Europe the Middle East and the Asia Pacific regions.