NEW YORK (TheStreet) -- Shares of 3D Systems (DDD - Get Report) were higher in pre-market trading on Thursday after the company reported better-than-anticipated earnings for the 2016 third quarter.

Before the market open, the Rock Hill, SC-based 3D printing company reported adjusted earnings of 14 cents per share, surpassing analysts' estimates of 8 cents per share.

Revenue grew 3% to $156.4 million year-over-year, but missed Wall Street's projections of $159.8 million.

3D Systems generated $7.2 million in cash from operations during the quarter. The company currently has a total of $179.4 million in cash on hand.

"We believe strong demand for our production printers, materials and software as well as healthcare solutions during the quarter is indicative of our growth potential and market opportunities," CEO Vyomesh Joshi said in a statement.

Separately, 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.

TheStreet Ratings rated this stock as a "sell" with a ratings score of D.

Among the areas we feel are negative, one of the most important has been an overall disappointing return on equity.

You can view the full analysis from the report here: DDD