3D 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.
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