DDD news today:
3D Systems Soars 24%: Q4 EPS Trounces Expectations
Shares of 3-D printer maker 3D Systems (DDD) are up $2.79, over 24%, at $14.34, and have been adding to gains since the open, after the company this morning reported Q4 revenue that met its prior forecast, and consensus, but delivered profit per share that handily beat analysts’ expectations, though it didn’t forecast as it is still going through a “strategic review” of the business.
Revenue in the three months ended in December declined by 2%, year over year, to $183.4 million, yielding EPS of 19 cents, excluding some costs.
Analysts had been modeling $183 million and 6 cents a share.
The company had offered an outlook for $183 million back on February 11th.
On a GAAP basis, the company lost $596.4 million on a net basis, or $5.32 per share. The GAAP number includes a charge to impair goodwill of $537.2 million.
The company said its gross profit margin declined to 32.8% from 47.9% a year earlier and 46.9% in the prior quarter, and the company said it was “negatively impacted by the $27.4 million charge related to the shift away from consumer.”
Submitted March 14, 2016 at 11:04AM by StockJock-e http://ift.tt/1RhqBpI
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