3D Systems misses by $0.04, reports revs in-line; guides FY17 EPS in-line, revs in-line
- Reports Q1 (Mar) earnings of $0.06 per share, excluding non-recurring items, $0.04 worse than the Capital IQ Consensus of $0.10; revenues rose 2.5% year/year to $156.4 mln vs the $156.67 mln Capital IQ Consensus.
- Revenue grew 3% compared to the first quarter of the prior year driven by increased demand from industrial customers and growth in healthcare and materials.
- Gross profit margin for the first quarter of 2017 was 51.3% compared to 50.8% in the first quarter of 2016 as cost savings continue to be realized from supply chain and manufacturing improvements.
- Co issues in-line guidance for FY17, sees EPS of $0.51-$0.55 vs. $0.53 Capital IQ Consensus Estimate; sees FY17 revs of $643-$684 mln vs. $659.89 mln Capital IQ Consensus Estimate.