Here's What Oppenheimer Thinks Of ExOne's Earnings

Shares of ExOne Co XONE opened down more than 8 percent on Tuesday. The company on Monday reported a loss of $7.2 million in its fourth quarter. On Tuesday morning, Oppenheimer analysts Holden Lewis and Jessica Kenley weighed in on the results, and said that ignoring the "kitchen sink 4Q," guidance is good.

Shares traded recently at $14.58, down 3.7 percent.

"The company continues to make the case that 2014 was a kitchen sink sort of year, where that sink was loaded with losses, capital spending, and a COO," the report explained. "Indeed, a shift from making investments to farming them was evident in guidance, which was fairly solid."

While the company is still not guiding to profits in 2015, the midpoint provided does imply a narrower loss than most expected. However, the company's credibility is not high at the moment, the analysts highlight.

Still, their favorable rating "remains predicated on the idea that ExOne does not need to turn a profit in 2015, but rather just needs to show progress toward it by significantly cutting its losses." And they see "every sign of that scenario playing out."

The analysts also point out that they feel encouraged by sales trends, controlled spending and preservation of cash going into 2015.

Shares of 3D Systems Corporation DDD also opened slightly down, while Stratasys, Ltd. SSYS was gaining.