EDEN PRAIRIE, Minn. (AP) — EDEN PRAIRIE, Minn. (AP) — Stratasys Ltd. (SSYS) on Tuesday reported a loss of $22.2 million in its first quarter.
The Eden Prairie, Minnesota-based company said it had a loss of 33 cents per share. Earnings, adjusted for stock option expense and amortization costs, came to 2 cents per share.
The results topped Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for a loss of 8 cents per share.
The maker of 3D printers posted revenue of $149.4 million in the period.
Stratasys expects full-year earnings in the range of 12 cents to 24 cents per share, with revenue in the range of $630 million to $670 million.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on SSYS at https://www.zacks.com/ap/SSYS
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