Boston, MA 06/04/2014 (wallstreetpr) – In efforts to raise money for various investment projects including acquisitions, 3D Systems Corporation (NYSE:DDD) has announced it is offering common stock shares to the public. The company intends to float 5.95 million shares in the secondary offering, a move that would boost the value of its wallet but result in about 5.7 percent dilution of its outstanding shares.
The 3D printing Technology Company appears to believe that equity offering is a cheaper way to raise funds than getting involved in debts. In the ongoing acquisitions, 3D Systems (NYSE:DDD) has a long-term goal of doubling its revenue in the next couple of years, during which it expects to a significant reduction in its cost and expenses burden.
The company earned 15 cents per share in the most recent quarter, meeting the consensus estimate. Revenue for the quarter was $147.76 million, beating the consensus estimate of $145.50 million. Although its earnings dropped from a year earlier quarter, 3D Systems Corporation (NYSE:DDD) saw its revenue up nearly 45 percent. The progress in the top-line appears to mirror the revenue growth plan that the company has been touting.
Calpine Corporation (NYSE:CPN) has broken ranks with some of its electricity peers to support the U.S. Environmental Protection Agency’s Clean Power Plan. The announcement of the plan was kicked off hot debates in the energy circles where divergent views are being expressed. However, Calpine appears to hold the view that the plan is the best thing to have come to the energy industry in recent times because it supports its business model.
According to a press release sent to news outlets Monday, June 2, 2014, Calpine (NYSE:CPN) boasted of its leadership, consistency and voluntary investment in reliable and affordable electricity generation technology. As such, the new energy policy not only mirrors what it is already doing but also lends support to its efforts to reduce greenhouse gas emissions.
AK Steel Holding Corporation (NYSE:AKS) has announced various executive promotions in its ranks as the company seeks to improve its performance. The promotions include the elevation of David Horn, 62, to Executive Vice President and Chief Legal and Administrative Officer. He previously served as Executive Vice President, General Counsel and Secretary.
AK Steel (NYSE:AKS) suffered a loss of 40 cents per share in the most recent quarter but managed to beat the consensus estimate of a loss of 43 cents per share.
