3D Systems Corp. Predicts Record Revenue for Fourth Quarter and Year
VALENCIA, Calif., Jan. 22 -- 3D Systems Corp., provider of solid imaging products and services, announced that fourth-quarter revenue would be at record levels. Revenues and margins exceeded management expectations in the US and Asia but fell below expectations in Europe, the company said. Fourth-quarter revenues will be about 10 percent higher than the previous year's, except in certain European business sectors, the company said.
As a result of the fourth quarter record revenues and strong revenues in the first three quarters of 2000, 3D Systems expects to report record revenues and earnings for 2000. For the three months ended Dec. 31, 2000, earnings are anticipated to be about 18 to 20 cents per diluted share. The company anticipates continuing to report quarterly growth in revenue and earnings over the prior year's quarter. Revenue growth for 2001 should range between 15 and 20 percent, and earnings growth is expected to exceed 20 percent.
While not satisfied with the results from Europe, we are convinced our strategy is on track, said Brian K. Service, CEO of the company. We have a strong and profitable business and are continuing to make considerable progress. Traditionally, the company does not release yearly results prior to completion of its annual audit; however, it has done so on this occasion to provide shareholders with information on this change in expectations. The company will report final fourth quarter and annual results on Feb. 21.
MORE FROM PHOTONICS MEDIA