Stratasys Falls To Loss In Q3, Backs Adj. EPS View For FY - Quick Facts

(RTTNews) - Stratasys Ltd. (SSYS) Thursday reported a third-quarter loss, reflecting the higher expenses, which offset the revenue growth.

Net loss attributable to the company was $6.6 million or $0.16 per share, compared with profit of $5.1 million or $0.24 per share last year. Excluding items, adjusted earnings were $20 million or $0.45 per share.

On average, fourteen analysts polled by Thomson Reuters expected the company to report earnings per share of $0.42 for the quarter. Analysts' estimates typically exclude one-time items.

Net sales were $125.6 million, compared with $49.7 million a year ago. Analysts expected the company to generate revenues of $117.13 million for the quarter. Operating expenses more than doubled to $66.7 million, compared with $18.8 million last year.

Looking forward, the company said it now expects full year loss to be between $0.83 to $0.55 per share, compared with previous guidance for a loss of $0.76 to $0.49 per share. On an adjusted basis, Stratasys continues to expect earnings of $1.75 to $1.90 per share. Wall Street is looking for $1.83 per share, in a range of $1.75 to $1.87 per share.

Revenue for the 12 month period is now expected to be between $470 million and $490 million, up from previous guidance of $455 million to $480 million. Analysts expect $465.03 million.