ExOne (XONE) shook up 3D printer stocks, announcing late Tuesday it would miss Q4 revenue targets, the same day rival Stratasys (SSYS) said its earnings would miss. Early Tuesday, 3D printer rival Stratasys said it expected 2014 net income that lagged Wall Street expectations, as IBD reported. On Wednesday, analyst Bobby Burleson at Canaccord Genuity lowered his rating on ExOne to hold from buy. After falling 5% on Tuesday, ExOne stock was down
3D printer maker Stratasys (SSYS) preannounced weaker-than-expected 2014 earnings on Tuesday, while smaller peer ExOne (XONE) issued a revenue warning after the market close. The 1-2 punch also hit rivals 3D Systems (DDD) and Voxeljet (VJET). 3D printers were hits at the Consumer Electronics Show in Las Vegas last week. But after the CES buzz , 3D printers offered a bit of a buzz kill. Stratasys predicted 2014 earnings per share excluding various
Stratasys (SSYS) early Tuesday preannounced lower than expected net income in 2014, sending 3D printer stocks falling. Stratasys expects operating expenses to “expand significantly” in 2014 as it expands its sales and marketing. It also it will increase spending on research and development in order to address expanding opportunities in the field. It projected earnings per share minus items of $2.15 to $2.25, below the consensus estimate of $2.31