ExOne Revises Third Quarter and Full Year 2019 Revenue Expectations and Announces Financial Results Release and Conference Call
The ExOne Company (XONE)
Last the exone company earnings: 3/12 04:15 pm
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Source: Business Wire
Slowing global manufacturing economy impacts customer schedulesThird quarter machine installs in backlog shifted to fourth quarter revenueConfidence in long-term growth of binder jetting and strong ExOne position NORTH HUNTINGDON, Pa.--(BUSINESS WIRE)--The ExOne Company (Nasdaq: XONE) (“ExOne” or the “Company”), the global leader in industrial sand and metal 3D printers using binder jetting technology, today revised its revenue guidance for the third quarter and full year 2019.ExOne expects third quarter revenue to be in the range of $10 million to $11 million. This compares to previous guidance expecting the third quarter revenue to be up modestly from the sequential second quarter revenue, which was $15.3 million. Additionally, the Company now expects 2019 revenue growth to be lower than its previous guidance which was in the mid-teen percentage range. ExOne will provide an update to its full year 2019 outlook during its third quarter earnings teleconference on November 7.“While
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