3D Systems Reports First Quarter 2015 Results
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May 6, 2015 2:31 PM EDT
Needham & Company analyst James Ricchiuti cut estimates and his price target on 3D Systems (NYSE: DDD) to $28.00 (from $32.00) following Q1 results but said the tone of the business is improving and therefore maintained a Buy rating.
Ricchiuti commented, "Q1 results were essentially in line with DDD's preannouncement... More
May 6, 2015 1:36 PM EDT
Stifel downgraded 3D Systems (NYSE: DDD) from Buy to Hold.
Analyst Patrick Newton. "3D Systems reported 1Q15 earnings before the market open with little surprise to revenue and earnings after negatively pre-announcing results on April 24th on FX (~ $12 million impact y/y), macro headwinds negatively... More
May 6, 2015 8:02 AM EDT
3D Systems (NYSE: DDD) reported Q1 EPS of $0.05, $0.01 better than the analyst estimate of $0.04. Revenue for the quarter came in at $160.7 million versus the consensus estimate of $161.78 million.
The company believes that negative currency headwinds and demand weakness attributed to several other macroeconomic factors resulted in lower than expected purchases of its 3D printers and materials by aerospace, automotive and healthcare customers during the quarter. Furthermore, the company reported that certain... More
