The ExOne Company Earnings: Here’s Why the Stock is Falling Now
The ExOne Company (NASDAQ:XONE) had a loss and missed Wall Street’s expectations, AND came up short on beating the revenue expectation. The revenue miss is a negative sign to shareholders seeking high growth out of the company. Shares are down 14.37%.
The ExOne Company Earnings Cheat Sheet
Revenue: Rose 239.34% to $9.23 million from the year-earlier quarter.
Actual vs. Wall St. Expectations: The ExOne Company reported adjusted EPS loss of $0.08 per share. By that measure, the company missed the mean analyst estimate of $-0.06. It missed the average revenue estimate of $9.33 million.
Quoting Management: Mr. S. Kent Rockwell, Chairman and CEO, noted, “We believe our results continue to demonstrate the effective execution of our growth strategies. We are increasing machine sales, expanding our PSC network and building our material and binders portfolio. We believe ExOne remains distinctively positioned as a leading industrial provider of 3D printing machines and printed products, and we expect demand to continue to increase.”
Key Stats (on next page)…