SSYS Stock – Stratasys Shares, Other 3D Printing Stocks Sink on Outlook

It forecasts lower-than-expected 2014 profits

   

SSYS Stock – Stratasys Shares, Other 3D Printing Stocks Sink on Outlook

3d printer 300x275 SSYS Stock   Stratasys Shares, Other 3D Printing Stocks Sink on Outlook3D printing stocks fell broadly in pre-market trading on Tuesday morning after a leading 3D printing company released its outlook for fiscal 2014.

Stratasys (SSYS) said it anticipates an annual profit between $2.15 and $2.25 per diluted share on yearly revenue of between $660 million and $680 million. Wall Street had been looking for 2014 earnings of about $2.33 a share on revenue of $656.8 million, StreetInsider notes.

SSYS stock dropped more than 4% on the guidance. Other 3D printing stocks 3D Systems Corp. (DDD) and Voxeljet AG (VJET) fell by more than 1%, while 3D printing stocks The ExOne Company (XONE) and Proto Labs, Inc. (PRLB) sank by more than 2%.

3D printing stocks have been rising as the price of 3D printers falls, putting the technology within the reach of consumers. A number of 3D printing stocks have emerged as leaders in the growing industry.

Luxury electric car maker Tesla Motors (TSLA) recently turned to 3D Systems to create cup holders for its pricey Model S car.

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Article printed from InvestorPlace Media, http://investorplace.com/2014/01/ssys-stock-stratasys-shares-3d-printing-stocks-sink-outlook/.

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