3D Printing Stocks Slump As Stratasys Earnings Disappoint

By MarketWatch 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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