Well, the sell-off on huge volume yesterday appears to have been a premonition of the SSYS earnings report that was released this morning. This quarter was a little light of expectations, and the company reduced the outlook for the rest of the year. Apparently, the new product is hot, but legacy products are weak. The reduction in full-year guidance to .79-.84 (.84 was the consensus), shaves a nickel off of prior guidance. While negative, a lot seems to be priced into the stock, which is down year-to-date by 25%, so I don't expect a huge decline (especially after yesterday). There is a large short-interest that could help stabilize the stock.
CRS blew away sales estimates but suffered a big hit to margins and only met guidance. The good news is that the commentary suggests that the June 2009 year should see EPS growth. As there was minimal growth expected going into the number, this looks like a pretty solid outlook compared to the recent indications from peers. CRS has been a terrible performer, moving with the entire aerospace-related group.