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Stratasys Inc. (NASDAQ:SSYS) delivered a profit and beat Wall Street’s expectations, AND beat the revenue expectation. The revenue beat is a positive sign to shareholders seeking high growth out of the company. Shares are up 5%.
Stratasys Inc. Earnings Cheat Sheet
Results: Adjusted Earnings Per Share increased 29.03% to $0.40 in the quarter versus EPS of $0.31 in the year-earlier quarter.
Revenue: Rose 60.65% to $71.2 million from the year-earlier quarter.
Actual vs. Wall St. Expectations: Stratasys Inc. reported adjusted EPS income of $0.40 per share. By that measure, the company beat the mean analyst estimate of $0.38. It beat the average revenue estimate of $52.83 million.
Quoting Management: “Our financial results reflect the strong demand for our products driven by the rapidly growing interest in additive manufacturing worldwide, as more companies are recognizing how our technology can reshape the way their products are designed and manufactured,” said David Reis, chief executive officer of Stratasys. “Our results and strong year-end backlog are made more impressive when you consider the significant amount of resources committed during the period to complete our game-changing merger, which included the initiation of an integration plan for our worldwide sales, marketing and service organization and their related support infrastructure. We are very pleased with our first financial results as a combined company.”
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