3D Systems Corp. (DDD) Reports In-Line Q1 EPS

April 30, 2013 8:02 AM EDT
3D Systems Corp. (NYSE: DDD) reported Q1 EPS of $0.21, in-line with the analyst estimate of $0.21. Revenue for the quarter came in at $102.08 million versus the consensus estimate of $101.61 million.

3D printers and other products revenue increased $15.0 million to $39.7 million on 81 percent higher printer units and the addition of 3D authoring tools. Print materials revenue grew $4.1 million over 2012 to $28.7 million and services revenue rose $5.1 million over 2012 to $33.6 million.

Gross profit margin widened 250 basis points to 52.4 percent.

"We continue to experience positive sales momentum that is shaped primarily by increased demand from advanced manufacturing activities," commented CEO Avi Reichental. "While we may face lingering economic uncertainties in parts of the world, we expect to continue to benefit from robust R&D and manufacturing spending by our customers worldwide."

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

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