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Los Angelas, CA -- (SBWIRE) -- 01/29/2013 -- Jos. A. Bank Clothiers (NASDAQ:JOSB) plummeted 18% today after its 2012 profit outlook disappointed Wall Street. The stock has slumped over the past few months on worries over slumping demand, and today's downbeat guidance only reinforces those concerns. While management blamed the bleak outlook largely on unseasonably warm weather, increased marketing costs and lower gross margins suggest that its promotion-centric business model just isn't as profitable as it used to be. Management expects 2012 net income to fall roughly 20% from 2011, implying a profit of about $78 million. "Despite the disappointing earnings results on a year-over-year basis, the fourth quarter and full year of fiscal 2012 will still be very profitable," CEO R. Neal Black reassured investors.
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3D Systems (NYSE:DDD) suffered a precipitous drop Monday, falling 13.9%. Here too, reasons for the fall were not outwardly evident, but the drop was likely due to growing concerns that investors have placed too much of a premium on the high-growth 3-D printing industry. Shares in competing company Stratasys also tumbled about 10% today.
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Stratasys (NASDAQ:SSYS) pushed the Computer Hardware industry lower today making it today's featured Computer Hardware laggard. The industry as a whole closed the day up 0.4%. By the end of trading, Stratasys fell $8.64 (-9.9%) to $78.47 on heavy volume. Throughout the day, 2.2 million shares of Stratasys exchanged hands as compared to its average daily volume of 656,100 shares. The stock ranged in price between $77.63-$87.70 after having opened the day at $87.19 as compared to the previous trading day's close of $87.11.
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