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Stock Market & Financial Investment News

News Breaks
February 5, 2014
11:03 EDTGE, SSYS, JNJ, XONE, DDD, SYK, VJET3D printer makers tumble after profit warning from 3D Systems
Shares of 3D printer makers are sinking after the largest company in the sector in terms of market capitalization, 3D Systems (DDD), pre-announced lower than expected fiscal 2013 profit and gave a disappointing earning outlook for next year. WHAT'S NEW: 3D Systems reduced its fiscal 2013 earnings per share outlook to 83c-87c from 93c-$1.03. Analysts' consensus estimate was 96c. However, the company reported preliminary fiscal 2013 revenue of $513 million-$514 million, within its previous outlook of $500M-$530M. Analysts' consensus estimate was $514.24M. 3D Systems blamed its lower than expected fiscal 2013 EPS on "very significant R&D, manufacturing and marketing investments designed to accelerate revenue growth," along with weaker than expected demand for its parts and consumer products. For fiscal 2014, 3D Systems predicted that its EPS would be 73c-85c, versus analysts' consensus estimate of $1.27. However, the 3D printer maker expects its fiscal 2014 revenue to come in at $680M-$720M, versus the consensus estimate of $671.29M. ANALYST REACTION: In a note to investors earlier today, Jefferies analyst Peter Misek wrote that 3D Systems' opportunity in the professional and industrial markets is "only just beginning." 3D Systems' guidance is "appropriately conservative," wrote Misek, adding that his research suggests that the 3D printer maker is likely to announce deals with at least three major companies in 2014: Stryker (SYK), Johnson & Johnson (JNJ), and GE (GE). Misek kept a Buy rating on the stock. PRICE ACTION: In mid-morning trading, 3D Systems tumbled 22% to $59.25, but the stock was well above its low for the day of $54.63. Likewise, another major 3D printer maker, Stratasys (SSYS), retreated 8% to $108.60, but was well off its low for the day of $102.20. Another company in the space, ExOne (XONE), sank 10% to $40.27, while European 3D printer maker Voxeljet (VJET) gave back 6% to trade near $32.
News For DDD;SSYS;VJET;XONE;GE;SYK;JNJ From The Last 14 Days
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November 13, 2014
17:23 EDTVJETVoxeljet reports Q3 EPS EUR(41c) vs. EUR11c a year ago
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16:28 EDTJNJGeron announces global strategic collaboration with Janssen Biotech
Geron (GERN) announced that the company has entered into an exclusive worldwide license and collaboration agreement with Janssen Biotech, a Johnson & Johnson (JNJ) company, to develop and commercialize, imetelstat, Geron's telomerase inhibitor product candidate, for oncology, including hematologic malignancies, and other human therapeutics uses. Imetelstat is a modified oligonucleotide that is currently in early phase clinical development for myelofibrosis, or MF, and may have activity in other hematologic myeloid malignancies such as myelodysplastic syndrome, or MDS, and acute myelogenous leukemia, or AML. Under the terms of the agreement, Geron will receive an initial payment of $35M due after the applicable waiting periods under the Hart-Scott Rodino Act and is eligible to receive additional payments up to a potential total of $900M for the achievement of development, regulatory and commercial milestones, as well as royalties on worldwide net sales. Certain regulatory, development, manufacturing and promotional activities will be managed through a joint governance structure, with Janssen responsible for operational implementation of these activities. All sales will be booked by Janssen.
13:17 EDTSSYSMakerBot acquires Layer by Layer, terms not disclosed
MakerBot, a subsidiary of Stratasys, announced the acquisition of the start-up software company Layer By Layer. The goal of the acquisition of Layer By Layer is to help accelerate MakerBot’s position in the entertainment and 3D printing management spaces, as part of its effort to build a more robust 3D ecosystem.
11:54 EDTJNJJanssen announces FDA approved sNDA for INVEGA SUSTENNA
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11:12 EDTGEHungary to buy Budapest from GE Capital, Reuters reports
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10:44 EDTJNJMallinckrodt news on generic Concerta positive for Actavis, says BMO Capital
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10:04 EDTGEGE opens $500M Brazil Technology Center
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07:26 EDTGEGE sees great infrastructure demand in developing markets, Reuters says
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November 12, 2014
18:29 EDTXONEOn The Fly: After Hours Movers
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17:16 EDTXONEExOne sees FY14 revenue $45M-$50M, consensus $54.16M
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17:16 EDTXONEExOne reports Q3 EPS (31c), consensus (13c)
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15:29 EDTXONENotable companies reporting after market close
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09:01 EDTGEGE to build advanced manufacturing facility in Pennsylvania
GE announced that it will build a new manufacturing facility to drive innovation and implementation of advanced manufacturing technologies across GE. The new facility represents a $32M investment over three years by the company and will result in the creation of 50 high-tech engineering jobs initially, in disciplines ranging from mechanical and electrical to systems and software engineering. These technologists will join GE’s global network of 50,000 world-class scientists, engineers, and skilled labor who are working to solve some of the world’s toughest challenges. The new facility reflects GE’s belief that the intersection of technology and manufacturing – marrying hardware with software – is bringing a new era of manufacturing. The site will be located outside of Pittsburgh in Findlay Township, PA to capitalize on the renowned academic institutions and skilled workforce in the area. Construction is expected to begin in March 2015 to be completed by September 2015.
08:05 EDTGEGoldman to hold a conference
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November 11, 2014
08:01 EDTGEGE Healthcare, Takeda enter into alliance agreement for R&D in hepatic fibrosis
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November 10, 2014
09:20 EDTDDDOn The Fly: Pre-market Movers
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08:09 EDTDDD3D Systems backs FY14 EPS view 70c-80c
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08:07 EDTDDD3D Systems reports Q3 EPS 18c, consensus 17c
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07:44 EDTJNJJohnson & Johnson looks for acquisitions to help expand in China, WSJ says
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06:30 EDTGEGlobal LED lighting market ste to rach $25.7B in 2014, DigiTimes says
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