Pacific Crest Securities has downgraded 3D Systems, citing a prolonged search for a new chief financial officer, a “botched” consumer product launch and the toll of recent acquisitions. 3D Systems (DDD) stock was flat in morning trading in the stock market today and is down nearly 45% for the year. Rivals rose, however. Stratasys (SSYS) stock was up 2% Thursday morning, while ExOne (XONE) stock was up 1%. “We have seen many red flags emerge this
Stratasys eased concerns of a slowdown in the 3D printer market, posting better-than-expected Q2 earnings early Thursday that won praise from analysts. The 3D printer maker posted revenue to $178.5 million, up 56% from the year-earlier quarter. That beat the analyst consensus estimate by $21 million. Stratasys (SSYS) reported earnings per share minus items of 55 cents, up 22% and above the consensus estimate of 45 cents, as polled by Thomson
Stratasys (SSYS) alleviated concerns of a slowdown in the 3D printer market, early Thursday posting second-quarter earnings that beat analyst expectations while also raising its guidance. Stratasys reported revenue of $178.5 million, up 56% from the year-earlier quarter and beating the consensus estimate by $21 million. Excluding acquisitions, revenue rose 35%, the company said. Stratasys reported earnings per share minus items of 55 cents, up 22%