3D Printers on the Move
Early Tuesday morning, Stratasys (NASDAQ: SSYS) released some fiscal year 2014 guidance, bringing its EPS range below that of the street, while guiding revenue above street estimates.
The drop in EPS guidance appears to have caused the street to completely ignore the increased revenue guidance, as they have offered the stock down this morning. Shares have dipped over 4.6 percent on fairly strong volume in the premarket, and appear to be dragging down other 3D printers such as 3D Systems (NYSE: DDD) which is down over 2.7 percent and The ExOne (NASDAQ: XONE) which is down almost 2 percent.
Mixed guidance from Stratasys leading to a sector drop has our desk wondering if there is an analyst out there who has downgraded the sector, but has get to send out the public report. We will keep an eye out for a possible 3D printing sector report on today's session.
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