Massive Mojo in 3D Systems

Thursday, 26 Jul 2012 | 6:06 PM ET

With shares up well over 100% year to date, is there any momentum left in 3D Systems?

Investors were trying to figure that out after the company reported quarterly results that showed a decline in profit for the second quarter, due mainly higher operating expenses and tax provisions.

3D Systems second-quarter net profit was $8.32 million or $0.16 per share, compared to $13.37 million or $0.26 per share last year.

Adjusted income for the quarter rose to $13.95 million or $0.27 per share from $9.72 million or $0.19 per share in the prior-year quarter.

On average, seven analysts polled by Thomson Reuters expected the company to earn $0.27 per share for the quarter. Analysts' estimates typically exclude special items.

Total revenues for the quarter surged to $83.61 million from $55.13 million in the prior-year quarter. Six analysts had a consensus revenue estimate of $84.10 million for the quarter.

How should you trade this stock?

Don’t make a move until you check out our exclusive conversation with Abe Reichental, 3D Systems CEO.

Watch the video now!

3D Systems CEO on Global Economy & Growth Strategies
Abe Reichental, 3D Systems president & CEO, discusses demand in Europe, the U.S. economy, and his company's growth strategies. "Our business in Europe grew 33 percent year-over-year for the second quarter, and demand remains strong in Europe," he says.

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