3D Systems Margins Jump, But Stock Falls On Revenue Miss

By | May 5, 2016

Scalper1 News

3D Systems’ ( DDD ) adjusted Q1 earnings were flat at 5 cents a share, in line with consensus views. But revenue dipped 5% to $152.6 million, missing views of $156.3 million. Gross margin soared 170 basis points to 50.8%, due mainly to 3D Systems’ shift away from consumer products. Shares of 3D Systems jumped 6% before the open, but fell 5.9% to 13.66 in morning trade on the stock market today . Shares of rival Stratasys ( SSYS ) sank 3.3%. Stratasys reports earnings next week. Scalper1 News

Scalper1 News