Stratasys (SSYS) lowered its 2014 earnings forecast early Wednesday, triggering a sell-off of 3D printer stocks. The company’s Q3 earnings and sales, however, beat Wall Street expectations. Stratasys stock was down 12% in early afternoon trading in the stock market today, near 107 and earlier touching a three-month low just above 103. Shares of fellow 3D printer makers 3D Systems (DDD), ExOne (XONE) and Voxeljet (VJET) were all down 5% in early
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
ExOne’s (XONE) stock tumbled after the industrial 3D printer maker missed Q2 revenue and loss estimates. Per-share losses deepened to 32 cents from 8 cents a year ago. Analysts polled by Thomson Reuters estimated a 14-cent per-share loss. Revenue increased 21% to $11.2 million but fell short of the $12.1 million consensus. The company reaffirmed its full-year revenue growth expectations of 40%-50%. Wall Street sees revenue growing 39% to $54.89