NEW YORK (MarketWatch) - 3D Systems Corp. (DDD) reported its third-quarter profit rose to $17.7 million, or 17 cents a share, from $13.5 million, or 16 cents a share, a year earlier. Adjusted earnings per share rose to 26 cents, compared with 21 cents per share a year earlier. Revenue jumped to $135.7 million, from $90.5 million a year earlier, the three-dimensional printing company said Tuesday. Analysts had expected adjusted earnings of 26 cents a share on revenue of $133.1 million, according to FactSet. The firm said it plans to increase research & development, marketing, and retail operations. Accordingly, it is raising its full-year revenue guidance to a range of $500 million to $530 million, while simultaneously lowering adjusted earnings-per-share projections to a range of $0.93 to $1.03. Shares in 3D Systems were down 3.5% in premarket trading.
-Ben Eisen; 415-439-6400; AskNewswires@dowjones.com
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10-29-13 0820ETCopyright (c) 2013 Dow Jones & Company, Inc.
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