NEW YORK (TheStreet) -- 3D Systems (DDD) shares are up 5% to $36.20 in early market trading on Monday after the 3D printing company reported mixed third quarter earnings results before the opening bell today.
The company reported a 23% increase in revenue over the same period last year to $166.90 million, falling short of analysts' of $167.71 million, while earnings of 18 cents per diluted share for the quarter beat analysts' expectations by 1 cent per share.
3D Systems saw increasing product demand lead to a $14 million increase in its order book to $46 million, leading the company to reiterate its previous full year revenue guidance between $650 and $690 million.
TheStreet Ratings team rates 3D SYSTEMS CORP as a Hold with a ratings score of C. TheStreet Ratings Team has this to say about their recommendation:
"We rate 3D SYSTEMS CORP (DDD) a HOLD. The primary factors that have impacted our rating are mixed - some indicating strength, some showing weaknesses, with little evidence to justify the expectation of either a positive or negative performance for this stock relative to most other stocks. The company's strengths can be seen in multiple areas, such as its robust revenue growth, largely solid financial position with reasonable debt levels by most measures and good cash flow from operations. However, as a counter to these strengths, we also find weaknesses including a generally disappointing performance in the stock itself, deteriorating net income and disappointing return on equity."