3D Systems Beats Despite Production Delays, Shares Rise

Shares of 3D Systems climbed 4.5% in premarket trade Monday after the maker of 3D printers topped third-quarter expectations and backed its full-year outlook. The Rock Hill S.C.-based company anticipates fiscal 2014 adjusted earnings per share of 70 cents to 80 cents, compared with the EPS of 74 cents predicted by analysts in a FactSet poll. It sees revenue between $650 million and $690 million, bracketing the consensus view of $671.6 million. In its most recent quarter, 3D Systems reported an adjusted profit of $3.08 million, or 18 cents a share, beating the Street view by a penny. Revenue climbed 22% to $166.9 million, above average analyst estimates of $166.5 million. The company said revenue would have been higher had it not suffered manufacturing constraints for direct metal printers that delayed the availability of its newest line of products. Its shares in recent trade were up 4.7% to $36.10, though they are down some 60% since Jan. 1.