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3D Systems Earnings Beat Expectations; Stock Pops

3D Systems Earnings Beat Expectations; Stock Pops

Written by David

February 28, 2020

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3D Systems ( NYSE:DDD ) released fourth-quarter and full-year 2019 results after the market closed on Wednesday. While the results were nothing to cheer about, shares of the 3D printing specialist were up 3.5% in Wednesday’s after-hours trading session. We can attribute the market’s positive initial reaction to quarterly results that beat Wall Street consensus estimates for both the top and bottom lines.

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Here’s how the quarter worked out for 3D Systems and its investors. Image source: Getty Images. 3D Systems’ key numbers Revenue $164.6 million $180.7 million (8.9%) GAAP operating income ($4.7 million) ($7.0 million) Loss narrowed 33% GAAP net income ($4.7 million) ($4.1 million) Loss widened 15% Adjusted net income $5.5 million $11.4 million (52%) GAAP earnings per share (EPS) ($0.04) ($0.04) — For the fourth quarter, Wall Street was looking for adjusted EPS of $0.01 on revenue of $163.7 million. So 3D Systems beat both expectations. […]

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