NEW YORK (TheStreet) -- Shares of 3D Systems Corp. (DDD) - Get Report are declining by -9.83% to $50.56 on heavy volume in mid-morning trading on Thursday, after the company reported a drop in GAAP earnings per share to 2 cents for the 2014 second quarter, compared to 10 cents for the year ago period.

On a non-GAAP basis, the 3D printing company reported earnings of 16 cents per share versus 20 cents per share for the 2013 second quarter.

However, 3D Systems said revenue grew 25% from the previous year to $151.5 million, due to strong demand for the company's design and manufacturing printers, and other materials and services.

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Analysts polled by Thomson Reuters expected earnings of 18 cents on revenue of $162.28 million.

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

"We rate 3D SYSTEMS CORP (DDD) a HOLD. The primary factors that have impacted our rating are mixed some indicating strength, some showing weaknesses, with little evidence to justify the expectation of either a positive or negative performance for this stock relative to most other stocks. The company's strengths can be seen in multiple areas, such as its robust revenue growth, largely solid financial position with reasonable debt levels by most measures and expanding profit margins. However, as a counter to these strengths, we also find weaknesses including unimpressive growth in net income, disappointing return on equity and premium valuation."

DDD data by YCharts

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