3D Systems (NYSE:DDD) reported fiscal 2014 first-quarter earnings before the market opened today. The maker of three-dimensional printers posted non-generally accepted accounting principles earnings of $0.15 per share, which was in line with analyst estimates for the period. Revenue jumped 45% to $147.8 million, as the company sold more manufacturing printers and print materials. This topped Wall Street's expectations for first-quarter revenue of $145.5 million.
Specifically, year-over-year revenue from print materials increased 41% to $40.4 million, while revenue from 3-D printers and other products grew 53% to $60.8 million in the quarter. "Our first quarter results reflect expanding demand across all of our revenue categories," said CEO Avi Reichental said in a press release. The company ended the quarter with an order backlog of $28.8 million, which included $17.9 million in new printer orders.
Despite the solid revenue growth and increased quarterly sales, 3D Systems' stock was down nearly 10%, to $44.55 a share, as of 9:50 a.m. EDT Tuesday.
Tamara Walsh has no position in any stocks mentioned. The Motley Fool recommends 3D Systems. The Motley Fool owns shares of 3D Systems. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.
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