3D System's (NYSE:DDD) Q3 Misses, Shares Fall

Tallahassee, FL 10/28/11 (PennyPayDay) -- Three-dimensional printer maker 3D Systems Corp's (NYSE: DDD) third-quarter profit fell short of analyst estimates as higher costs offset strong sales, sending its shares down 9 percent.

The company's net income rose to $7.2 million, or 14 cents per share, from $5.4 million, or 11 cents per share, a year ago.

Revenue rose to $57.5 million from $41.5 million a year ago.

Analysts on average had expected earnings of 16 cents per share on revenue of $57.7 million, according to Thomson Reuters I/B/E/S.
While revenue from the services segment almost doubled, product sales rose 15 percent.

Shares of the company, after falling as much as $17.5 yesterday, are now trading lower at $15.87, down 16% for the day.

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