3D Systems Corp (DDD)

[MisterEC]

Margins grow at 3D Systems, up 1.3% after in-line Q1 profit
Revenue overall fell without the help of consumer products that the company doesn't sell anymore. Revenue breakout: Products, $90.96M (down 8.9%); Services, $61.6M (up 1.1%).

Margins jumped for 3D Systems (NYSE:DDD) in its Q1 results amid the company's shift away from consumer products, though its net loss widened.

Adjusted profits met expectations, however, and operating expenses declined. Shares are up 1.3% premarket.

Gross margins were up to 50.8%, 170 basis points better than a year ago.

Revenue overall fell without the help of consumer products that the company doesn't sell anymore. Revenue breakout: Products, $90.96M (down 8.9%); Services, $61.6M (up 1.1%).

Cash from operations came to $18.1M; cash on hand was $169.8M at March's end.

Press Release