3D Systems Corporation (NYSE:DDD) announced that it is ready to unveil its most advanced 3D printing manufacturing products and services during the EuroMold 2014 in Frankfurt, Germany on November 25 to 28.
3D Systems’ latest products
Cathy Lewis, chief marketing officer at 3D Systems Corporation (NYSE:DDD) said the company’s latest designs and manufacturing products include a new generation of Direct Metal Printing (DMP), Stereolithography (SLA) and Selective Laser Sintering (SLS) printers and materials.
Lewis added that 3D Systems Corporation (NYSE:DDD) will also introduce a full-power of its design-to-manufacturing digital thread with cloud and desktop functionality.
3D Systems Corporation (NYSE:DDD) also partnered with TCT Bright Minds Program as part of its commitment to education. The company plans to sponsor TCT Bright Mind’s STEM education initiative to provide high-school students with the opportunity to get hands-on experience with its SenseTM scanners and Cube 3D printers.
3D Systems posted strong earnings results
Yesterday, 3D Systems Corporation (NYSE:DDD) reported strong earnings results for the third quarter. The company generated $0.18 in earnings per share on $166.9 million in revenue compared with the $$0.17 in earnings per share on $167.7 million in revenue expected by Wall Street analysts.
The company said a stronger demand in manufacturing and design 3D printers boosted its sales by 57% during the quarter.
3D Systems Corporation (NYSE:DDD) is anticipating to deliver annual revenue in the range of $650 million to $690 million, GAAP earnings of around $0.18 to $0.28 per share and non-GAAP earnings of around $0.70 to $0.80 per share.
During its earnings conference call, the company said its decision to delay the shipments of its consumer printers and its continued direct metal printers manufacturing constraints restricted its organic growth rate to 12%.
“We’re very disappointed that we’re not able to monetize all the available demand for our metal printers and capture a greater portion of the consumer printers’ opportunity during the quarter,” according to 3D Systems Corporation (NYSE:DDD).
The company said it took decisive measures to resolve its remaining performance gaps. Last week, 3D Systems Corporation (NYSE:DDD) appointed Ted Hull as new CFO. He replaced Damon Gregoire, who assumed the role of EVP-Mergers & Acquisitions.
The shares of 3D Systems Corporation (NYSE:DDD) were trading $34.59 per share, down by more than 4% at the time of this writing around 2:12 P.M. in New York.
