Orlando, FL -- (SBWIRE) -- 10/30/2013 -- Hot Stock Profits provides investors and traders with valuable trading tools and content as well as micro-cap stock alerts via eMail and text messages. To Join Our Text Message Alerts Service Just Text The Word Stocks To 555888 From Your Cell Phone. Our Focus Today Is On Xylem Inc (NYSE:XYL), 3D Systems Corporation (NYSE:DDD).
Xylem Inc (NYSE:XYL) shares increased 12.44% to $32.53. The company on Oct. 29 reported third quarter 2013 net income of $73 million, or $0.39 per share. Adjusted net income was $92 million, or $0.49 per share, excluding the impact of restructuring and realignment charges, as well as special charges. Third quarter revenue was $965 million, up $34 million or 4 percent from third quarter 2012 on a constant currency basis, reflecting strong performance in emerging markets and better than expected activity in Europe. Third quarter 2013 adjusted operating margins were 13.5 percent, up 60 basis points over last year.
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3D Systems Corporation (NYSE:DDD) shares increased 4.48% to $59.53 in the last trading session. The company on Oct. 29 said it cut its earnings forecast for 2013 as it spends more on research and expanding its retail presence. The company said it expects full-year adjusted earnings of 93 cents to $1.03 per share, down from its previous forecast of $1.05 to $1.20. The company, however, raised its revenue forecast for the year to $500 million-$530 million from its previous forecast of $485 million-$510 million, and reported better-than-expected third-quarter results.
Net income attributable to the company rose to $17.7 million, or 17 cents per share, in the three months to Sept. 30, from $13.5 million, or 16 cents per share, a year earlier. Excluding items, the company earned 26 cents per share. Revenue rose 50 percent to $135.7 million. Analysts had expected earnings of 26 cents per share on revenue of $132 million, according to Thomson Reuters I/B/E/S.
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