DDD Profit Warning Also Takes Down 3D Printing Stocks XONE and SSYS

by Christopher Freeburn | February 5, 2014 10:31 am

DDD Profit Warning Also Takes Down 3D Printing Stocks XONE and SSYS

3DSystemsPromo DDD Profit Warning Also Takes Down 3D Printing Stocks XONE and SSYS[1]A lower earnings outlook from 3D Systems (DDD[2]), sent other 3D Printing stocks tumbling[3] in Wednesday morning trading.

DDD stock plunged more than 25% after DDD said that it anticipates full year 2013 non-GAAP earnings of between 83 cents and 87 cents per share. That was significantly below prior earnings guidance of between 93 cents and $1.03 per share, and disappointed analysts who had predicted non-GAAP earnings of 96 cents a share, StreetInsider notes.

The warning hit rival 3D printing stocks, sending ExOne (XONE[4]) stock down more than 13% and Stratasys (SSYS[5]) stock down more than 12% in morning trading.

DDD noted that fourth-quarter sales of its professional 3D printing equipment were higher than expected, while consumer and on-demand parts sales were weaker than forecast.

For 2014, DDD said that non-GAAP earnings were expected to fall between 73 cents and 85 cents per share, well below the earnings of $1.27 a share estimated by analysts.

Last month, DDD stock fell sharply after Citron Research released a report warning that DDD would miss earnings estimates in its upcoming quarterly results[6]. XONE stock and SSYS stock were also dragged lower by that report.

DDD recently announced a partnership[7] with Hershey (HSY[8]) to develop 3D printing technology to produce candy.

Endnotes:
  1. [Image]: http://investorplace.com/wp-content/uploads/2013/12/3DSystemsPromo.jpg
  2. DDD: http://studio-5.financialcontent.com/investplace/quote?Symbol=DDD
  3. sent other 3D Printing stocks tumbling: http://www.streetinsider.com/Guidance/3D+Systems+%28DDD%29+Warns+on+Profits/9127815.html
  4. XONE: http://studio-5.financialcontent.com/investplace/quote?Symbol=XONE
  5. SSYS: http://studio-5.financialcontent.com/investplace/quote?Symbol=SSYS
  6. would miss earnings estimates in its upcoming quarterly results: http://investorplace.com/2014/01/ddd-stock-3d-systems-2/#.UvJXHnlhOf0
  7. recently announced a partnership: http://investorplace.com/2014/01/hershey-3d-systems-join-forces-3d-printed-candy/#.UvJXJ3lhOf0
  8. HSY: http://studio-5.financialcontent.com/investplace/quote?Symbol=HSY

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