Shares of 3D Systems DDD have plummeted over 13 percent in Thursday's pre-market session following a reported EPS miss ($0.16 vs. $0.18) for the second quarter of fiscal 2014. The Street has not reacted well, as the whole sector has dropped significantly following the news.
In addition to the big drop at 3D Systems, shares of ExOne Co XONE, Voxeljet AG VJET, and Stratasys Ltd. SSYS have tumbled ~7.5, ~9.2, ~5 percent, respectively.
3D Systems was the first in the sector to issue results for the quarter, and with the big downward move in its peers, it appears that the Street is using 3D Systems as an indicator for the entire sector's performance. This is definitely something to consider as the other names in the space begin to report earnings.
Coming up in the next two weeks, Stratasys, ExOne, and Voxeljet are scheduled to report earnings on August 7, 13, and 15, respectively.
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