As the comprehensive market rallies Wednesday, with the S&P 500 hitting a record intraday high amid favorable data and powerful gains, some 3D print stocks are seeing red.
The serious bleeding began after hours on Tuesday for 3D printer maker ExOne (XONE), which sank more than 13% in extended trading hours Tuesday after the company revised its 2013 revenue guidance to the negative, citing delayed sales acceptances overseas. ExOne said its 2013 revenue would come in at $40 million to $42 million, which was down from its previous estimate of $48 million (and below analyst estimates of $48.32 million).
The sudden decline continues Wednesday, with ExOne shares down 9%, to $56.40, in noon trade. Some other 3D print-centered stocks are following suit. 3D Systems Corp. (DDD) is down 2%, to $88.87, while German business Voxeljet AG (VJET) shares are down 3% to $41.04. Stratasys (SSYS), which sank as much as 9% Tuesday following its own cut 2014 gain outlook, is recovering a bit today, up 4% to $124.33.