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AFTER HOURS- Why ExOne Is Down 15 Percent (XONE)

Shares of ExOne (NASDAQ: XONE) were down more than 15 percent in after-hours trading. The company reported disappointing earnings after the closing bell.

The company reported a second-quarter EPS loss of $(0.08) versus a consensus loss $(0.06). Revenue was reported at $9.23 million versus the estimated $9.33 million.

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Highlights included:

  • Revenue increased by $4.5 million, or 97%, over prior-year second quarter;
  • Gross margin improved to 45%, from 33% in the second quarter of the prior year;
  • Second quarter net loss attributable to ExOne reduced to $1.1 million from last year’s second quarter $3.6 million net loss;
  • Company confirms 2013 guidance at lower end of revenue range and higher end of gross margin range.

 

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Disclosure: At the time of this writing, the author had no position in the company mentioned.

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