3D Systems (TDSC) Up 21% On Strong Results

Shares of 3D Systems Corporation TDSC are currently up 21% at $24.40 per share during Thursday afternoon trading. Today's trading range for shares of 3D Systems Corporation has been between $23.07 and a 52-week high of $26.89 per share. The consensus price target of analysts covering the company's stock is $14.50 per share. Volume of 450,000 shares is more than eight times the daily average volume of 54,000 shares. 3D Systems Corporation (TDSC) released financial results on Thursday morning that easily beat Wall Street estimates. 3D Systems Corporation reported 3rd quarter earnings of 23 cents per share, on revenue of $41.5 million. A poll of analysts conducted by Thomson Reuters showed an average Wall Street estimate of expected earnings of 13 cents per share, on revenue of $36.32 million. President and chief executive officer Abe Reichental said, "Our improved performance and record third quarter results are closing in on our long term operating model." Read more from Benzinga's Company news.