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Watch 3D Printing Stocks Following Better-Than-Expected Outlook From 3D Systems

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Shares of 3D Systems Corporation (NYSE: DDD) surged higher by more than 13 percent early Thursday morning after the company pre-reported fourth-quarter revenue expectations.

3D Systems said it expects to report revenue of approximately $183 million for the fourth quarter. Wall Street analysts were expecting the company's revenue to be $161 million.

3D Systems will report its fourth year and full year 2015 results on February 29, 2016.

3D Systems also noted it expects to record a non-cash goodwill and intangibles impairment charge in the fourth quarter of $510 million to $570 million. However, the company added that the charges will not impact its future business and cash flows.

"Industry conditions remain challenging and demand may be uneven in the coming periods. However, we are confident about the long-term opportunities for our technology and solutions," commented Andy Johnson, Interim President & CEO and Chief Legal Officer, 3D Systems. "We are prioritizing our resources around professional and industrial applications to foster sustainable growth and improve profitability."

3D Systems' guidance helped boost other names that operate in the 3-D printing sector.

For example, shares of Stratasys, Ltd. (NASDAQ: SSYS) were trading higher by nearly 8 percent at $16.75. Investors and traders should also keep an eye on other names within the 3-D printing sector, such as ExOne Co (NASDAQ: XONE) and Voxeljet AG (ADR) (NYSE: VJET).

Posted-In: 3D printers 3D Systems 3D Systems Guidance Andy JohnsonNews Guidance Pre-Market Outlook Movers

 

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