3D Printing Stocks Slump As Stratasys Earnings Disappoint

By Sue ChangMarketWatch Pulse

3D printing stocks fell after Stratasys Ltd. Thursday reported weak quarterly results and withdrew its full year outlook due to a lack of clarity on when business conditions will improve. The 3D printer maker posted second-quarter earnings of 15 cents a share, below the 16 cents a share projected by analysts in a FactSet survey. Revenue totaled $182 million, missing estimates of $184 million. For the third quarter, the company expects earnings per share of 3 cents to 13 cents and revenue in a range of $175 to $190 million versus 45 cents a share and revenue of $215 million forecast by analysts. Shares of Stratasys slumped to a 52-week low of $30.25 before paring losses to $32.72. 3D Systems Corp. dropped 8.8% to $13.88 and ExOne Co. slid 2.6% to $9.04.

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