The ExOne Company reported a third quarter loss that was much smaller than year-ago results, but a performance that fell shy of analyst expectations.
The North Huntingdon 3-D printing company said it lost $224,000, or 2 cents per share, during the quarter vs. a loss of $5.9 million in the year-ago quarter, before ExOne became a publicly traded company. Revenue increased 36 percent to $11.6 million.
Analysts surveyed by Bloomberg had forecast a break-even quarter on sales of $12 million.
The results were announced after the market closed. ExOne shares closed Wednesday at $59, down $2.64. They have more than tripled since the company’s initial public offering in February, which was priced at $18 per share.
Len Boselovic: email@example.com or 412-263-1941.