Shares in 3-D Systems are off nearly 27% this morning after releasing extremely weak full-year guidance.
The company now sees adjusted 2014 earnings per share coming in at $0.73 to $0.85. Consensus expectations according to Bloomberg was $1.29.
Expected 2013 adjusted EPS also missed expectations. The company now sees a range $0.83 to $0.97 - a downward revision from $0.93 to $1.03, and below the consensus estimate of $0.97.
Last month, Credit Suisse downgraded 3-D on concerns about losing market share to rival Stratasys.
Dow Jones reports the company has announced "substantial" R&D spending increases to try to close that gap. "As we previously stated, we are willing to tolerate earnings reduction and even slight gross-profit-margin compression during this period to substantially accelerate our growth rate and market share," says CEO Avi Reichental.
All 3-D printing stocks are suffering this morning though, with Stratasys down nearly 12% and ExOne down 14%. Both gave mixed-to-weak outlooks for 2014 last month.
Here's the stock chart for DDD:
Yahoo