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Stratasys Earnings Beat Gives Lift To 3D Printer Market

Stratasys ( SSYS ) posted a first-quarter earnings beat before the market open Monday, sending its stock — and that of rival 3D Systems ( DDD ) — up in early trading. Sales guidance for the year also edged above views. Stratasys reported revenue of $167.9 million, beating the consensus estimate of $164.8 million by analysts polled by Thomson Reuters. That’s down 3% year over year but marks an improvement from the 20% year-over-year drop in the previous quarter. Earnings per share minus items of a penny fell from a 4-cent profit in Q1 2015 but still beat Wall Street expectations for a 4-cent loss. Stratasys beat on earnings during a difficult period for 3D printer companies. Competitor 3D Systems reported Q1 earnings Thursday that showed a third straight quarter of year-over-year declines in sales and missed Wall Street expectations. Stratasys stock was up 6%, above 22, in early trading on the stock market today . 3D Systems stock was up a fraction, near 13. Another 3D printer maker,  Voxeljet ( VJET ), was also up a fraction. Stratasys said it sold 5,125 3D printing and additive manufacturing systems during the quarter. “Although the overall market environment remains challenging, we made significant progress in improving our operating efficiency during the first quarter,” company CEO David Reis said in the earnings release. “We believe the recent refinements to our operating structure will make us more productive and better position us for future growth.” Stratasys guided 2016 revenue at $700 million to $730 million, with the midpoint slightly ahead of the analyst consensus estimate of $713 million. It projects EPS minus items of 17 cents to 43 cents, with the midpoint meeting views of 30 cents. For 2015, Stratasys posted EPS ex items of 19 cents on sales of $696 million.

JD.Com Earnings Will Provide Clues On China Internet Economy

JD.com ( JD ), one of China four biggest Internet companies, early Monday is expected to post a 48% jump in Q1 revenue, despite the slowing economy in its home nation. JD, China’s largest online direct sales company, similar to Amazon.com ( AMZN ), is expected to report revenue of $8.36 billion, up 48% in local currency vs. Q1 2015. Its revenue has grown at double- or triple-digit rates for more than 17 quarters. On the bottom line, analysts expect a 2-cent per-shere loss, minus items, the same as in the year-earlier quarter. JD stock has been on a roller coaster ride since hitting an all-time high of 38 almost a year ago. It hit an all-time low of 22.55 in August. JD.com stock closed Friday at 25.20, up 1.4%. JD reported better than expected Q4 earnings on March 1, and its Q1 outlook then topped Wall Street expectations. The company offers a wide range of electronics, apparel, home appliances, food and beverages and other general merchandise. JD’s earnings follow that of China e-commerce giant Alibaba ( BABA ) on Thursday. Alibaba, for its fiscal fourth quarter , reported revenue of $3.75 billion, beating the Wall Street consensus of $3.58 billion. Sales rose 39% in local currency, the company’s highest growth rate in the past four quarters. Earnings per share minus items rose 88% to 33 cents, but that was far below the consensus of 55 cents.

Stratasys Earnings Will Shed Light On Wobbly 3D Printer Market

3D printer maker Stratasys ( SSYS ) is set to report earnings before the open Monday, after archrival  3D Systems ’ ( DDD ) report on Thursday showed continuing struggles for the sector. The consensus is that Stratasys will post Q1 revenue of $164.8 million, down 4.5% year over year and the third quarter in a row of declines. Analysts polled by Thomson Reuters expect a 4-cent per-share loss minus items, swinging from a 4-cent profit in Q1 2015, and marking the sixth quarter in a row of earnings deceleration. The Q1 earnings  by 3D Systems showed a 5% drop in revenue to $152.5 million, nearly $4 million short of views. It was the company’s fourth straight quarter of revenue deceleration. The company posted flat EPS ex items of 5 cents. Shares of 3D Systems and Stratasys were hammered in 2015, as both posted quarter after quarter of disappointing earnings and sales. Stratasys stock hit a six-year low of 14.88 three months ago and is up nearly 40% since then despite a six-day losing streak. Stratasys stock closed Friday at 21.06, down 1%. 3D Systems has doubled since hitting a five-year low of 6 three months ago, but the stock has also fallen for that last six trading days. 3D Systems fell 3.1% Friday, to 13.16. But despite the struggles of the two market leaders, the 3D printing industry is stronger than it seems, say industry analysts who track the field. Global 3D printer revenue rose 34% last year to $3.3 billion and shipments rose 68% to 133,000 units, according to estimates from research firm Canalys. And globally, 3D printing technology is being increasingly embraced by corporations, governments and universities. But the 3D printer companies await a new, potentially major, rival, as HP Inc. ( HPQ ) plans to enter the market this year.