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Why 3D Systems Is Sinking Despite Mixed Earnings

When 3D Systems Corp. (NYSE: DDD) released its fourth-quarter earnings report before the markets opened on Tuesday, the company posted $0.15 in earnings per share (EPS) and $165.9 million in revenue. In the same period of last year, it said it had EPS of $0.19 on $183.36 million in revenue. Overall this compared to the consensus estimates from Thomson Reuters that called for $0.13 in EPS and revenue of $176.76 million.

The revenue breakdown for the quarter was $99.98 million in product revenue and $65.96 million in services revenue. The same period of last year reportedly had $115.97 million in product revenue and $67.39 million in service revenue.

Unfortunately, demand from industrial customers combined with growth...