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Stock Market & Financial Investment News

News Breaks
August 13, 2014
15:00 EDTXONEExOne August 30 straddle priced for 12% move into Q2
News For XONE From The Last 14 Days
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November 10, 2015
11:08 EDTXONE3D printer makers tumble after ExOne results miss expectations
The shares of 3D printer makers are sinking after one of the smaller companies in the space, ExOne (XONE), reported much weaker than expected results. WHAT'S NEW: ExOne reported a per share loss of 70c, versus analysts' consensus estimate of a per share loss of 11c. The company's revenue came in at $8.9M, versus the consensus outlook of $16.9M. The 3D printer maker provided fiscal 2015 revenue of $40M against the consensus outlook of $55M. ExOne's revenue from 3D printers fell to $2.4M last quarter from $4.2M during the same period a year earlier. However, its revenue from 3D printed and other products, materials and services rose to $6.5M from $5.4M. "Machine sales growth opportunities remain very positive for ExOne and we continue to be enthusiastic about our efforts to establish a dominant market position over time," said ExOne CEO S. Kent Rockwell in a statement."But our customers' delivery scheduling and the complex revenue recognition model for certain of our products and technology have proven to be highly erratic for us to timely predict on a quarter-to-quarter basis," he added. ANALYST REACTION: In a note to investors today, Oppenheimer analyst Holden Lewis said that ExOne's results showed some improvement. The company reported its lowest loss in the past 12 months, and its cash burn rate declined, while its spending eased, the analyst stated. However, the improvement wasn't sufficient, as it still reported a "huge loss" and negative cash flow, Lewis stated. Moreover, the company's machine sales, upon which its future depends, were "poor," the analyst contended. But Lewis said that ExOne's finances did not deteriorate from Q2 levels, while its costs "are under control," its financial model is "stable," and its non-machine business performed well and "hints at value." He kept a $14 price target and Outperform rating on the shares. PRICE ACTION: In morning trading, ExOne tumbled 19% to $8.44, 3D Systems (DDD) dropped 3.5% to $9.75, Stratasys (SSYS) declined 5.5% to $25.25 and Voxeljet (VJET) slid 4% to $5.85.
10:20 EDTXONEHigh option volume stocks
High option volume stocks: EQM RAX BBG XONE FTK CAG AEGR ZBRA TYC CNI
09:29 EDTXONEOn The Fly: Pre-market Movers
UP AFTER EARNINGS: SciClone Pharmaceuticals (SCLN), up 22%... Bellicum Pharmaceuticals (BLCM), up 10.4%... Canadian Solar (CSIQ), up 8%... Rackspace Hosting (RAX), up 8.9%... Opko Health (OPK), up 6%. ALSO HIGHER: Ocata Therapeutics (OCAT), up 88.3% after being acquired by Astellas Pharma (ALPMY)... Straight Path (STRP), up 8.1% after Nikos Hecht reports 9.2% passive stake in the company... TETRA Technologies (TTI), up 3.1% after being upgraded to Overweight from Neutral at JPMorgan. DOWN AFTER EARNINGS: ExOne (XONE), down 23.3%... Galena Biopharma (GALE), down 12.2%... MannKind (MNKD), down 8%... Jazz Pharmaceuticals (JAZZ), down 8.6%... Wayfair (W), down 1.9%... Gap (GPS), down 5.4%. ALSO LOWER: Magnum Hunter (MHR), down 30.8% after saying that factors raise substantial doubt about the company's ability to continue as a going concern... Barrett Business Services (BBSI), down 35.6% after receiving a letter from its independent auditor... Callon Petroleum (CPE), down 4.6% after its 12M share Spot Secondary priced at $8.40... Cyberark (CYBR), down 3.4% after being downgraded to Neutral from Buy at BofA/Merrill.

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