ExOne Q1 Miss May Be Due To Timing
Shares of ExOne (NASDAQ: XONE) have traded down as much as 15 percent after reporting a Q1 revenue miss of ~$2.4 million, as well as making a cut to the year's gross margin guidance.
BB&T analyst Holden Lewis says, "headline is far worse than the reality."
Additionally, Lewis noted that ExOne's reiteration of the year's revenue guidance suggests the miss was due to the timing of orders, which he says wouldn't be unusual due to the company's small revenue base and given the "big ticket" nature of ExOne's products.
Shares are currently down 13 percent at $26.83.
Latest Ratings for XONE
|May 2016||FBR Capital||Initiates Coverage on||Outperform|
|Mar 2016||Imperial Capital||Downgrades||In-line||Underperform|
|Sep 2015||Imperial Capital||Initiates Coverage on||In-line|
© 2016 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.