Stratasys: 3Q Earnings Snapshot
EDEN PRAIRIE, Minn. (AP) _ Stratasys Ltd. (SSYS) on Wednesday reported a loss of $6.9 million in its third quarter.
On a per-share basis, the Eden Prairie, Minnesota-based company said it had a loss of 13 cents. Earnings, adjusted for one-time gains and costs, were 12 cents per share.
The results exceeded Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 10 cents per share.
The maker of 3D printers posted revenue of $157.5 million in the period, missing Street forecasts. Three analysts surveyed by Zacks expected $161.6 million.
Stratasys expects full-year earnings in the range of 55 cents to 70 cents per share, with revenue in the range of $640 million to $655 million.
Stratasys shares have risen 15% since the beginning of the year. The stock has decreased 10% in the last 12 months.