ExOne loses 2 cents per share in third quarter

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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: lboselovic@post-gazette.com or 412-263-1941.

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