Materialise NV (ADR) (MTLS) Releases Earnings Results, Reports EPS of $-0.01 EPS

Materialise NV (ADR) (MTLS) reported quarterly earnings results on Thursday, Aug-11-2016. The company reported $-0.01 EPS for the quarter. Analysts had a consensus estimate of $-0.01. The company posted revenue of $27.60 million in the period, compared to analysts expectations of $28.50 million. The company’s revenue was up 11.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $-0.06 EPS.

Many Wall Street Analysts have commented on Materialise NV (ADR). FBR Capital Initiated Materialise NV (ADR) on May 24, 2016 to “Mkt Perform”, Price Target of the shares are set at $7.

Materialise NV (ADR) closed down -0.03 points or -0.43% at $6.87 with 20,102 shares getting traded on Monday. Post opening the session at $6.9, the shares hit an intraday low of $6.87 and an intraday high of $6.9 and the price fluctuated in this range throughout the day.Shares ended Monday session in Red.

Materialise NV is a Belgium-based company engaged in the field of technology. It specializes in additive manufacturing (AM) also known as three dimensional (3D) printing. The Company specializes in preparation of 3D prototypes for manufactures software development biomedical research and online services. It operates RapidFit a service to provide customized jigs fixtures and control solutions created with the use of AM; a design division .MGX specialized in the manufacture of lamps and furniture; i.materialize an online 3D printing service where users can create share and sell their designs; and Cranio-Maxillofacial (CMF) a solution for surgeons and anaplastologists which enables production of personalized implants and reconstructions. The Company is also engaged in the development of solutions for orthopedics biomedical software and engineering and printing of cardiovascular models. Additionally it operates a store in Brussels dedicated to 3D design.

Materialise NV (ADR)

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