3D Systems gets slammed on quarterly sales
The company may be selling printers, but without the printing materials sales to match, the market got spooked.
That imbalance damaged the company's overall margins, compressing the bottom line.
In Tuesday's Stock of the Day, Motley Fool analyst Simon Erickson says he's bullish on 3D Systems' prospects from here.
He sees big initiatives coming from the company at the moment, largely aimed at the consumer side of 3-D printing. Simon looks into 3D Systems' partnership with Google (GOOG) on its Project Ara, the modular cell phone project that could allow consumers to upgrade individual parts of their smartphones rather than buying entirely new and expensive ones. He also discusses one new way for consumers that may never have been exposed to 3-D printing to access the ability to print with several different materials.
So after Tuesday's pullback and with the company's new ventures on the horizon, should investors consider buying today? Simon thinks so. He sees more and more data emerging that 3-D printing is a legitimate industry that is here to stay, and believes 3D Systems is well placed to compete in that market.
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