3D Systems (DDD) Stock Tumbles After Earnings Missed Estimates

3D Systems (DDD) stock is falling in afternoon trading on Thursday, after reporting 2015 third quarter financial results short of analysts' expectations on Wednesday.
By Rachel Graf ,

NEW YORK (TheStreet) -- 3D Systems (DDD) - Get Report stock is decreasing 8.88% to $10.47 in afternoon trading on Thursday, following the release of its 2015 third quarter earnings results before the market open on Wednesday.

The 3D printing company posted earnings of 1 cent per share, down from 18 cents per share for the year ago period.

Revenue declined year over year, by 9% to $151.6 million for the most recent quarter. 

Analysts had forecast for earnings of 7 cents per share on revenue of $181.09 million. 

"We are disappointed with our overall results and the lower revenue from our 3D printing products and services, which we believe were negatively impacted by continued challenging market conditions that extended customers' capital investment cycles and reduced demand across all geographies," interim CEO Andrew Johnson said in a statement. 

Separately, TheStreet Ratings team rates 3D SYSTEMS CORP as a Sell with a ratings score of D+. TheStreet Ratings Team has this to say about their recommendation:

We rate 3D SYSTEMS CORP (DDD) a SELL. This is driven by a number of negative factors, which we believe should have a greater impact than any strengths, and could make it more difficult for investors to achieve positive results compared to most of the stocks we cover. The company's weaknesses can be seen in multiple areas, such as its deteriorating net income, disappointing return on equity, weak operating cash flow, generally disappointing historical performance in the stock itself and feeble growth in its earnings per share.

You can view the full analysis from the report here: DDD

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Any reference to TheStreet Ratings and its underlying recommendation does not reflect the opinion of Jim Cramer, TheStreet or any of its contributors.

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