XONE( $52) 3D printers fall after ExOne cuts revenue outlook (XONE momos got burned again, VJET short from 46)
Shares of 3D printing stocks are trading lower in the after hours after ExOne (XONE) cut its 2013 revenue outlook. WHAT'S NEW: After the market close, ExOne lowered its 2013 revenue expectations to $40M-$42M from $48M, with analysts' expectations currently at $48.32M. In cutting its outlook, the company cited delayed sales for customers in Russia, India, Mexico, and France, but said it has not lost any orders and expects these sales to be completed in the first half of this year.
ExOne also affirmed its long-term 40%-50% organic revenue growth goal. PRICE ACTION: Shares of ExOne, which were halted prior to the news, are down more than 13% to just below $54 in after hours training. During today's trading session, the stock fell $3.53, or 5.37%, to $62.26. OTHERS TO WATCH: 3D printing peers, including 3D Systems (DDD), down 4.5%, Stratasys (SSYS), down 3.2%, and Voxeljet (VJET), down 7%, are also lower in the after hours following ExOne's guidance cut. |
