Headquartered in Rock Hill, SC, 3D Systems Corp. (DDD) is a leading provider of 3D content-to-print solutions including 3D printers, print materials, on-demand custom parts services and 3D authoring solutions for professionals and consumers, worldwide. The company also provides scanners for a variety of medical and mechanical X-Ray film digital archiving.
3D Systems has been making consistent efforts to strengthen its operational efficiency and expand its business via acquisitions. However, financing these acquisitions and continued investments in research and development have taken a toll on the company's financial health. Moreover, severe competition in the industry, persisting economic uncertainty, and foreign currency risks continue to be headwinds for 3D Systems.
Recent estimate revision activity for DDD has been negative, as the consensus estimate for the stock has fallen. Also, the company has a poor track record – it has missed estimates in three of the last four quarters at an average rate of 6.3%.
Currently, DDD has a Zacks Rank #4 (Sell) but that could definitely change following its second quarter 2015 earnings report, which has just released. We have highlighted some of the key stats from this just-revealed announcement below:
Earnings: DDD posted in-line earnings. Non-GAAP earnings of 3 cents per share came in line with the Zacks Consensus Estimate.
Revenue: Revenues of $170.5 million came below the Zacks Consensus Estimate of $178 million.
Key Stats: Challenging operating environment led to a 5% dip in organic sales. Also, 55% rise in overall operating expenses added to the woes.
Stock Price: Shares were down in the pre-market trading session at the time of writing.
Check back later for our full write up on this DDD earnings report later!
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