On Wednesday, Shares of 3D Systems Corporation (NYSE:DDD), added 1.55% and closed at $13.77 in the last trading session. The last trading range of the stock ranges between $12.70 and $13.93. 3D Systems (DDD) declared recently that it plans to present at the Stephens Fall Investment Conference on Tuesday, November 8, 2016 at 1:00 PM ET at The Lotte New York Palace Hotel.
Certain statements made in this release that are not statements of historical or current facts are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements may involve known and unknown risks, uncertainties and other factors that may cause the actual results, performance or achievements of the company to be materially different from historical results or from any future results or projections expressed or implied by such forward-looking statements. In addition to statements that explicitly describe such risks and uncertainties, readers are urged to consider statements in the conditional or future tenses or that include terms such as “believes,” “belief,” “anticipates,” “estimates,” “intends,” “anticipates” or “plans” to be uncertain and forward-looking. Forward-looking statements may include comments as to the company’s beliefs and expectations as to future events and trends affecting its business and are necessarily subject to uncertainties, many of which are outside the control of the company. The factors described under the headings “Forward-Looking Statements,” “Cautionary Statements and Risk Factors,” and “Risk Factors” in the company’s periodic filings with the Securities and Exchange Commission, in addition to other factors, could cause actual results to differ materially from those reflected or predicted in forward-looking statements. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date hereof. 3D Systems undertakes no obligation to update or revise any forward-looking statements, even if experience or future changes make it clear that projected results expressed or implied in such statements will not be realized, except as may be required by law.
Mead Johnson Nutrition CO (NYSE:MJN), jumped 0.39% and closed at $74.21 in the last trading session. The last trading range of the stock ranges between $72.28 and $74.59. The company’s Market capitalization is $13.81 Billion with the total Outstanding Shares of 184.80 million. Mead Johnson Nutrition Company (MJN) recently declared its financial results for the quarter and nine months ended September 30, 2016.
Highlights are as follows:
Gross sales were 2% below the prior year quarter on a stated basis and 1% higher on a constant dollar(1) basis. Net sales were 4% below the prior year quarter on a stated basis and in-line with the prior year quarter on a constant dollar basis. Momentum behind new product launches in China and price increases within each segment offset competitive challenges.
Apart From the impact of Venezuela, net sales were 1% above the prior year quarter on a constant dollar basis.
Selling, general and administrative expenses reduced 12% contrast to the prior year quarter as a result of the company’s Fuel for Growth program.
The company’s Fuel for Growth program is expected to deliver operating expense savings towards the high end of the formerly declared $75 million to $80 million range for 2016. Total cost savings of about $180 million are expected by 2018.