The Exone Company (XONE) Misses Q2 EPS by 2c; Sees FY Sales at Low end of Range Full Year
The Exone Company (NASDAQ: XONE) reported Q2 EPS of ($0.08), $0.02 worse than the analyst estimate of ($0.06). Revenue for the quarter came in at $9.2 million versus the consensus estimate of $9.33 million.
The Exone Company sees FY2013 revenue at lower end of $48-52 million, versus the consensus of $52.5 million.
Strategy and Outlook
"We believe our results continue to demonstrate the effective execution of our growth strategies. We are increasing machine sales, expanding our PSC network and building our material and binders portfolio. We believe ExOne remains distinctively positioned as a leading industrial provider of 3D printing machines and printed products, and we expect demand to continue to slide."