Shares of the ExOne Company moved lower today in after hours trading after the North Huntingdon 3-D printer reported second quarter results that fell short of Wall Street expectations.
The company reported a loss of $4.7 million, or 32 cents per share vs. a loss of $1.1 million, or 8 cents per share, in the year-ago quarter. Revenue jumped 21 percent to $11.2 million, but operating costs and research and development expenses rose even faster, the company said.
The highers costs included expanding the company’s production service centers where customers can experiment with 3-D printing and efforts to use the technology with a broader range of materials, the company said.
Analysts surveyed by Bloomberg were expecting a net loss of 16 cents per share on sales of $11.9 million.
The results were announced after Wall Street closed.
ExOne shares finished today at $29.55, down 71 cents. They are off 51 percent for the year.
Len Boselovic: 412-263-1941 or firstname.lastname@example.org
First Published August 13, 2014 12:00 AM