Stratasys Reports Loss In Q2, Trims FY13 EPS View

(RTTNews) - Stratasys Ltd. (SSYS) Thursday reported a second-quarter net loss attributable to the company of $2.8 million or $0.07 per share, comapred with a net income of $3.02 million or $0.14 per share last year.

On an adjusted basis, net income was $18.6 million or $0.45 per share. On average, eleven analysts polled by Thomson Reuters expected earnings per share of $0.44 for the quarter. Analysts' estimates typically exclude one-time items.

Net sales increased to $90.21 million, from $41.44 million a year ago. Analysts expected the company to report revenues of $105.46 million for the quarter.

Operating expenses more than doubled to $53 million from $20.3 million reported last year.

Stratasys updated its following financial guidance for the full-year, taking into account an assumption that the pending merger with MakerBot will be completed by mid-August. The company raised it revenue guidance, and expects it to be $455 million to $480 million, from the prior expectations of $430 million to $445 million. The company now expects adjusted earnings for the year to be $1.75 per share to $1.90 per share, while previous expectations was $1.80 per share to $1.95 per share. Analysts expect the company to report earnings per share of $1.92 on revenues of $440.64 million for the year.