NEW YORK (TheStreet) --Shares of 3D Systems Corp. (DDD) - Get Report are climbing by 7.72% to $12.69 on Thursday morning, as the 3D printing company's stock gets a boost from rival company Stratasys' (SSYS) latest financial results.
Stratasys reported a loss for the 2015 fourth quarter which widened year over year, however the company's adjusted results and revenue didn't decline by as much as analysts had thought, MarketWatch reports.
The company reported a loss of $232.3 million, or $4.46 per share, compared to the loss of $92 million, or $1.81 from the same period last year. On an adjusted basis the company lost 1 cent per share compared to a loss of 48 cents per share for the year ago quarter.
Stratasys' revenue fell by 20% year over year to $173.4 million. Analysts surveyed by Thomson Reuters were expecting a loss of 11 cents per share on revenue of $168.3 million.
3D Systems will release its 2015 fourth quarter earnings before the market open on March 15.
Separately, TheStreet Ratings has set a "sell" rating and a score of D on 3D Systems stock. This is driven by a number of negative factors, which TheStreet Ratings believes should have a greater impact than any strengths, and could make it more difficult for investors to achieve positive results compared to most of the stocks it covers.
The company's weaknesses can be seen in multiple areas, such as its deteriorating net income, disappointing return on equity, weak operating cash flow, generally disappointing historical performance in the stock itself and feeble growth in its earnings per share.
TheStreet Ratings objectively rated this stock according to its "risk-adjusted" total return prospect over a 12-month investment horizon. Not based on the news in any given day, the rating may differ from Jim Cramer's view or that of this articles's author.
You can view the full analysis from the report here: DDD