New User:

-or-
Username:
Password:
Forgot your password?

Stock Market & Financial Investment News

News Breaks
March 20, 2014
10:54 EDTSSYS, DDD, ARCW, XONE3D printer makers fall after weaker than expected quarter from ExOne
Shares of 3D printer makers are falling after one of the names in the sector, ExOne (XONE), last night reported weaker than expected results. WHAT'S NEW: ExOne reported fourth quarter losses per share of 22c, compared with analysts' consensus forecast for a 4c per share profit. The company's revenue came in at $10.7M, missing the consensus outlook of $12.13M. ExOne provided fiscal 2014 revenue guidance of $55M-$60M, which was also below analysts' consensus estimate of $61.56M. The company said that its machine revenue fell 22% last quarter versus the same period a year earlier due to the type of machines it sold. On a positive note, however, ExOne sold 12 printing machines last quarter, up from eight during the previous quarter. ANALYST REACTION: In a note to investors earlier today, Brean Capital analyst Ananda Baruah recommended using today's weakness in 3D printing stocks 3D Systems (DDD), Stratasys (SSYS), and ARC Group (ARCW) as buying opportunities. ExOne's weaker than expected results do not reflect on demand for products from 3D Systems and ARC Group, Baruah wrote. Moreover, ExOne said that it had seen delays primarily for its higher end Sand core/mold printers, which are not an area of focus for 3D Systems, ARC Group, or Stratasys, the analyst believes. The number of metals printers sold by ExOne increased to five last quarter, up from two during the nine months before the fourth quarter. This upswing is slightly positive for 3D Systems and ARC Group, which are concentrating more on 3D metals printers, according to Baruah. The analyst reiterated Buy ratings on 3D Systems, Stratasys, and ARC Group. PRICE ACTION: In mid-morning trading, 3D Systems fell 2.8% to $60.90, Stratasys lost 1.3% to $114.74, ARC Group fell 2% to $30.75, and ExOne sank 9% to $39.75. Another name in the sector, Voxeljet (VJET), retreated 1.4% to $29.
News For XONE;DDD;SSYS;ARCW From The Last 14 Days
Sign up for a free trial to see the rest of the stories you've been missing.
July 6, 2015
09:07 EDTXONEExOne management to meet with Oppenheimer
Meetings to be held in Milwaukee/St. Louis on July 7 hosted by Oppenheimer.
July 2, 2015
08:06 EDTSSYSStratasys acquires RTC Rapid Technologies to strengthen presence in GSC region
Subscribe for More Information
June 25, 2015
09:10 EDTDDD3D Systems partners with MLC CAD Systems
Subscribe for More Information
June 24, 2015
05:47 EDTDDDStocks with implied volatility movement; NRF DDD
Subscribe for More Information
June 23, 2015
12:03 EDTDDD3D Systems volatility at low end of historic range
Subscribe for More Information

Sign up for a free trial to see the rest of the stories you've been missing.

I agree to the theflyonthewall.com disclaimer & terms of use