3D Systems: 4Q Earnings Snapshot
ROCK HILL, S.C. (AP) _ 3D Systems Corp. (DDD) on Wednesday reported a loss of $4.7 million in its fourth quarter.
On a per-share basis, the Rock Hill, South Carolina-based company said it had a loss of 4 cents. Earnings, adjusted for stock option expense and non-recurring costs, came to 5 cents per share.
The results exceeded Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of 1 cent per share.
The maker of 3D printers posted revenue of $164.6 million in the period, also topping Street forecasts. Four analysts surveyed by Zacks expected $164.4 million.
For the year, the company reported that its loss widened to $69.9 million, or 61 cents per share. Revenue was reported as $629.1 million.
3D Systems shares have climbed 17% since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $10.24, a decrease of 28% in the last 12 months.