3D Systems (DDD) Revises FY14 Outlook
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3D Systems (DDD) Issues Highlights, Updated Outlook from Investor, Analyst Day
June 16, 2014 7:37 AM EDT3D Systems (NYSE: DDD) hosted an investor and analyst day last week and today recaps key highlights:
2014 guidance update. With the acquisition of Medical Modeling and the imminent closing of the acquisition of 70% of Robtec, the company raised revenue guidance by $15 million, expecting 2014 revenue to be in the range of $695 million to $735 million. EPS guidance for 2014 remained unchanged in the range of $0.73 to $0.85 non-GAAP earnings per share, even after a roughly 6% increase in the company's share-count from its recent equity raise. Steady EPS guidance reflects accretion of recent acquisitions to earnings and... More
