Why ExOne (XONE) Is Tanking After Hours

NEW YORK (TheStreet) -- ExOne (XONE) is skidding in extended trading after fourth-quarter earnings and sales fell below analysts' expectations.

After the bell, shares had taken off 8.6% to $39.97.

The 3D printing specialist reported a net loss of 22 cents a share in the three months to December, while analysts surveyed by Thomson Reuters had forecast profits of a penny a share.

Revenue of $10.7 million fell 16% from the year-ago quarter and missed estimates by $1.43 million.

The company sold twelve 3D printing machines over the quarter, compared to eight a year earlier. Machine revenue, which represents two-thirds of total revenue, dropped 22% from the fourth quarter a year earlier, a result of the mix of machines sold and their respective price points.

STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12 months. Learn more.

Over fiscal 2014, the North Huntingdon, Penn.-based business expects revenue growth between 40% and 50%, assuming sales of $55 million to $60 million. Analysts had forecast slightly-higher revenue of $61.56 million, a 50.3% year-over-year increase.

"While we can't predict timing of our customers' behavior with accuracy, their feedback gives us their commitment to and confidence in our binder jetting technology and its varied industrial applications," CEO S. Kent Rockwell said in a statement.

"As we progress in 2014, we believe that the adoption of 3D printing in industrial manufacturing applications is gaining momentum in our global marketplace," he added.

Must Read: Warren Buffett's 10 Favorite Stocks

STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12 months. Learn more.

More from Markets

P&G, GE and IBM Need to Innovate; Has Starbucks' Stock Grown Ice Cold?--ICYMI

P&G, GE and IBM Need to Innovate; Has Starbucks' Stock Grown Ice Cold?--ICYMI

Is Best Buy Sleeping With the Enemy With Amazon Partnership?

Is Best Buy Sleeping With the Enemy With Amazon Partnership?

Sprint, T-Mobile Might Have to Do More Than Make Promises to Get Deal Approved

Sprint, T-Mobile Might Have to Do More Than Make Promises to Get Deal Approved

Video: The S&P 500 Is Failing to Make New Highs

Video: The S&P 500 Is Failing to Make New Highs

Dow, S&P 500 and Nasdaq Finish Lower as Apple, P&G Slump

Dow, S&P 500 and Nasdaq Finish Lower as Apple, P&G Slump