Revenue Update on 3D Systems Corporation(NYSE:DDD)

3D Systems Corporation(NYSE:DDD) announced the earnings results for Fiscal Year 2016 and Q2. The results came in during Pre-market on Aug 3, 2016. Company reported revenue of $158.11M. Analysts estimated a revenue of $161.01M. Earnings per share were $0.12. Analysts had estimated an EPS of $0.06.

In a different note, On Jul 18, 2016, Piper Jaffray said it Downgrades its rating on 3D Systems Corporation. In the research note, the firm Lowers the price-target to $12.00 per share. The shares have been rated ‘Underweight’ by the firm. FBR Capital said it Initiates Coverage on 3D Systems Corporation, according to a research note issued on May 24, 2016. The shares have been rated ‘Market Perform’ by the firm.

3D Systems Corporation (DDD) shares turned negative on Fridays trading session with the shares closing down -0.01 points or -0.06% at a volume of 22,37,394. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $15.71. The peak price level was also seen at $15.71 while the days lowest was $15.25. Finally the shares closed at $15.39. The 52-week high of the shares is $19.76 while the 52-week low is $6. According to the latest information available, the market cap of the company is $1,727 M.

Several Insider Transactions has been reported to the SEC. On May 13, 2016, G Walter Ii Loewenbaum (director) purchased 20,000 shares at $12.07 per share price.Also, On Sep 10, 2015, Andrew Martin Johnson (EVP, Chief Legal Officer & Sec) sold 8,000 shares at $13.32 per share price.On Sep 4, 2015, Kevin S Moore (director) purchased 6,000 shares at $12.94 per share price, according to the Form-4 filing with the securities and exchange commission.

3D Systems Corporation is a holding company. The Company is a provider of three-dimensional (3D) printing centric solutions. It provides 3D design-to-manufacturing solutions including 3D printers print materials and cloud sourced custom parts. Its healthcare solutions include end-to-end simulation training and planning and printing of surgical instruments and devices for personalized surgery and patient specific medical and dental devices. It also provides software and haptic and perceptual devices for design including 3D digital design scan-to-computer-aided design (CAD) scan-to-print reverse engineering inspection sculpting and medical modeling and simulation applications. For its healthcare customers it also offers virtual surgical planning and medical modeling services digitizing scanners and simulation products. The Company operates in the Americas Europe the Middle East and the Asia Pacific regions.

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