update 2-3d systems q4 beats, eyes emerging mkt growth

by:INDUSTRIAL-MAN     2019-09-21
* $ Per share after monthly Q4 adjustment. 35 vs est $0. 26 -
I/B/E/S * Q4 rev $51.
6 mln vs est $45
7 mln * shares jumped 41 pct to a life high;
Busy volume (
Add analyst reviews and share updates)
Bangalore, Malaya Sharma, February 17 (Reuters)-
Hardware manufacturer of 3D Systems
Strong quarterly results thanks to 3-3 gains
With strong global demand, sales of D printers have soared to record highs through acquisitions.
The company did three.
Ability to implement a 3-3 size prototype system and related products and materials
Objects generated directly from computer data. October-
The company, which competes with Stratasys Inc. , increased sales by 42% in December to $51. 6 million.
Analysts expect sales to average $45.
7 million, according to Thomson Reuters I/B/E/S.
Ashok Kumar, analyst at Rodman & Renshaw, said: \"Given the substantial increase in revenue, our forward estimates may also rise . \".
The company said that the personal, professional and production 3D printer sector accounted for more than half of the total revenue, mainly driving the total revenue.
\"The company dominates the high-end market.
End 3D printing market, is developing to the low end.
Kumar said he added that the 3D system is perfect for expanding into emerging markets such as India.
The company recently acquired National RP Support, a prototype system maintenance service provider, and last year acquired Provel, an Italian provider of rapid prototyping, tools and manufacturing services. Fourth-
According to Thomson Reuters I/B/E/S, the adjusted quarterly profit was 35 cents per share, compared with an average analyst estimate of 26 cents per share.
Fully diluted earnings rose from 16 cents a year ago to 40 cents a share.
South Carolina Rock Hill stocks
Nasdaq-based companies rose 37% in their last trading.
The stock hit a life high of $49 earlier. 50.
Trading is almost 10 times the normal daily trading volume. (
Report of Malaya Sharma in Bangalore;
Edited by Prem Udayabhanu)
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