As earnings season draws to an end, it's hard to describe this quarter as anything other than underwhelming. Many companies missed estimates on both the top and bottom line as weak economic conditions curbed earnings. Fortunately, the final few companies left to report this week are seeing heavy upward revisions activity which might just put a smile on investor's faces.
On the heels of Stratasys's impressive earnings report last week, rival competitor, 3D Systems, reported a strong beat yesterday, sending shares soaring. Leading into the report, analysts had been aggressively revising estimates upward, with earnings and sales expectations increasing around 10% since the prior quarterly report. Even so, this wasn't enough to capture the earnings surprise the company ended up reporting, beating on the bottom line by a resounding 12 cents.