3D Systems (DDD) Misses Q2 EPS by 4c; Reaffirms Outlook

July 30, 2013 8:01 AM EDT
(Updated - July 30, 2013 8:09 AM EDT)

3D Systems (NYSE: DDD) reported Q2 EPS of $0.20, $0.04 worse than the analyst estimate of $0.24. Revenue for the quarter came in at $120.5 million versus the consensus estimate of $114.63 million.

EPS and revs in the same period last year were $0.27 and $83.6 million, respectively.

Gross margin expanded 40 basis points in the quarter to 51.8 percent.

3D printers and other products revenue for the second quarter of 2013 more than doubled to $54.2 million primarily on higher professional printer units. Print materials revenue grew $3.1 million over the 2012 quarter to $29.3 million and services revenue rose $6.0 million from 2012 to $37.3 million. Healthcare revenue grew 55% and contributed $18.9 million to our total revenue.

We believe that our effective advanced manufacturing and consumer growth initiatives are fueling our growth, commented CEO Avi Reichental. We are experiencing heavy demand for our advanced manufacturing and consumer solutions and expect to continue to benefit from accelerated adoption of our products and services that is driven by our customers' robust R&D and manufacturing spending worldwide.

3D Systems reaffirmed FY2013 guidance, which currently expects adjusted EPS of $1.05 to $1.20.

For earnings history and earnings-related data on 3D Systems (DDD) click here.


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