3D Systems (DDD 2.31%) 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.
Source: The Motley Fool.
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.
