RTTNews | Aug 10, 2021 11:16AM EDT

11:15 Tuesday, August 10, 2021 (RTTNews.com) - South Carolina-based 3d printing and digital manufacturing company, 3D Systems Corporation (DDD) is trading 31% higher in the morning trading session on Tuesday after reporting better results for the second quarter.

The net loss for the quarter was $9.6 million or $0.08 loss per share, compared to $38 million or $0.33 loss per share last year. On an adjusted basis, the income was $14.20 million or $0.12 per share, turned from a loss of $15.10 million or $0.13 loss per share in 2020. Nine analysts polled by Thomson Reuters estimated the earnings to be $0.15 per share.

The revenue also grew to $162.60 million from $112.80 million last year. Wall Street projection was $143.28 million for the quarter.

The shares are trading at their highest since the end of June. Currently the stock is trading at $37.28, up $8.93 or 31.50% since their previous close at $28.35. The shares opened at $32.55 in the morning, and in the 52-week period the shares have ranged between $4.60 and $56.50.

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