3-D printer maker ExOne forecasts lackluster full-year sales, shares drop
(Reuters) - ExOne Co (XONE.O), which makes 3-D printers, reported second-quarter sales below analysts' estimates and forecast 2013 revenue at the lower end of its guidance, hurt by a weak Yen.
The company's shares fell 17 percent after closing at $75.67 on the Nasdaq on Tuesday.
For the second quarter, net loss narrowed to $1.1 million, or 8 cents per share, from $3.6 million.
Revenue almost doubled to $9.2 million from $4.7 million a year earlier as the company sold more of its 3-D printing machines. Analysts had expected a loss of 6 cents on revenue of $9.3 million.
ExOne has previously forecast revenue of between $48 million to $52 million for 2013, while analysts were expecting $50.5 million, according to Thomson Reuters I/B/E/S.
The company, which went public in February this year, generated about 73 percent of its revenue from outside the United States last year.
(Reporting By Lehar Maan in Bangalore; Editing by Sreejiraj Eluvangal)
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