Stratasys Warns On Q3 Results - Quick Facts

(RTTNews) - Stratasys Ltd. (SSYS) announced preliminary third quarter 2015 financial results. The company expects third quarter revenue in the range of $166 million to $168 million, and non-GAAP net income in the range of loss $1.5 million to profit $1.0 million, or loss $0.03 to profit $0.02 per share.

On average, 23 analysts polled by Thomson Reuters expected the company to report earnings per share of $0.08 for the quarter on revenues of $184.60 million.

The company expects to report a GAAP net loss in the range of $190 million to $155 million, or $3.66 to $2.98 per share, which includes non-cash, goodwill and other intangible asset impairment charges of approximately $140 million to $180 million for its MakerBot reporting unit.

Stratasys said it is disappointed with its third quarter results citing continuation of the challenging macroeconomic environment and weaker conditions in the market. The company noted that typical order trends did not materialize as expected at the end of the quarter, reflecting the low visibility of the current market environment.

The company also noted that it is in the process of performing a goodwill impairment analysis for its other reporting units, which may result in additional impairment charges.