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3D printing stocks sell off after 3D Systems warns

Apr. 24, 2015 9:38 AM ETStratasys Ltd. (SSYS) StockSSYS, VJET, DMBy: Eric Jhonsa, SA News Editor7 Comments
  • Stratasys (SSYS -5.7%), ExOne (XONE -1.9%), and Voxeljet (VJET -4.3%) have sold off after 3D Systems issued a major Q1 warning and stated it's evaluating its full-year outlook (an update will be provided with its May 6 Q1 report).
  • Notably, 3D says it saw "abrupt interruption in customer demand late in [Q1] from several economic factors" In addition to a strong dollar, it blames the impact of low oil prices on aerospace and auto industry purchases. Q2 bookings are said to be "ahead of the same period in the first quarter." Stratasys warned back in February.
  • Piper issued cautious remarks on 3D and Stratasys' Q1 performance (3D especially) on Tuesday.

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