RTTNews | May 11, 2021 09:52AM EDT

09:51 Tuesday, May 11, 2021 (RTTNews.com) - Shares of 3D printing and digital manufacturing solutions provider 3D Systems Corporation (DDD) are rising more than 18% Tuesday morning following better-than-expected first-quarter results.

The company reported net income of $45.2 million or $0.36 per share in the first quarter compared with net loss of $18.9 million or $0.17 per share in the same quarter a year ago.

Excluding items, earnings were $0.17 per share, that beat the average estimate of analysts polled by Thomson Reuters at $0.02 per share.

Revenue for the quarter increased 7.7% to $146.1 million from $135.6 million last year, driven by 16.6% growth in organic revenue. The consensus estimate was for $136.63 million.

DDD, currently at $20.99, has been trading in the range of $4.60- $56.50 in the last one year.

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