3D Systems Corporation (TDSC) Climbs To New High

Shares of 3D Systems Corporation (NASDAQ:TDSC) soared 25.55% to $25.40 this morning and made a new 52-week high of $25.40. This stock is reacting positively after the company announced solid third-quarter results, that beat the analysts' estimates. The company said its net income jumped to $5.4 million or $0.23 per share from $0.9 million or $0.04 a share , in the same quarter of the last year, ahead of analysts estimates by 10 cents. Revenue grew 50% to  $41.5 million from $27.7 million last year, ahead of analysts' expectations of  revenues of $36.32 million. The company generated $18.5 million of cash from operations during the first nine months of 2010. After using $10.3 million to fund strategic investing activities, the company ended with $33.8 million of available cash compared to $24.9 million at December 31, 2009. Shares of TDSC have jumped over 123% so far this year. 3D Systems Corporation (3D Systems) is a holding company that operates through subsidiaries in the United States, Europe and the Asia-Pacific region. 3D Systems design, develop, manufacture, market and service three-dimensional (3-D) printing, rapid manufacturing, and prototyping systems and related products and materials that enable 3-D objects to be produced directly from computer data without tooling. Disclaimer: The assembled information distributed by epicstockpicks.com is for information purposes only, and is neither a solicitation to buy nor an offer to sell securities. Epicstockpicks.com does expect that investors will buy and sell securities based on information assembled and presented herein. EpicStockPicks.com will not be responsible in any way for or accept any liability for any losses arising from an investor's reliance on or use of information obtained from our website or emails. PLEASE always do your own due diligence, and consult your financial advisor.
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