3D Systems (NYSE: DDD ) reported earnings on July 26. Here are the numbers you need to know.
The 10-second takeaway
For the quarter ended June 30 (Q2), 3D Systems met expectations on revenue and missed estimates on earnings per share.
Compared to the prior-year quarter, revenue increased significantly and GAAP earnings per share contracted significantly.
Gross margins grew, operating margins improved, and net margins shrank.
3D Systems logged revenue of $83.6 million. The six analysts polled by S&P Capital IQ foresaw sales of $84.1 million on the same basis. GAAP reported sales were 52% higher than the prior-year quarter's $55.1 million.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.
EPS came in at $0.16. The five earnings estimates compiled by S&P Capital IQ predicted $0.17 per share. GAAP EPS of $0.16 for Q2 were 38% lower than the prior-year quarter's $0.26 per share.
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.
For the quarter, gross margin was 51.4%, 570 basis points better than the prior-year quarter. Operating margin was 16.7%, 150 basis points better than the prior-year quarter. Net margin was 10.0%, 1,430 basis points worse than the prior-year quarter.
Next quarter's average estimate for revenue is $87.2 million. On the bottom line, the average EPS estimate is $0.19.
Next year's average estimate for revenue is $347.5 million. The average EPS estimate is $0.72.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on 3D Systems is hold, with an average price target of $31.50.
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