UPDATE: 3D Systems (DDD) Misses Q3 EPS by 7c; Will Take Steps to Cut Cost Structure

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3D Systems (DDD) Rises Despite 3Q Revenue Miss; Needham & Company Reiterates Buy

November 5, 2015 6:44 AM EST

Needham & Company maintained a Buy rating on 3D Systems (NYSE: DDD), and cut the price target to $15.00 (from $17.00), following the company's 3Q15 earnings report. Revenues declined 9% Y/Y (3% in constant currency) to $151.6M, well below consensus expectations of $185M. Despite the revenue miss, DDD rose modestly following the report.... More