EDEN PRAIRIE, Minn. (AP) — EDEN PRAIRIE, Minn. (AP) — Stratasys Ltd. (SSYS) on Thursday reported a loss of $2.4 million in its fourth quarter.
On a per-share basis, the Eden Prairie, Minnesota-based company said it had a loss of 4 cents. Earnings, adjusted for one-time gains and costs, were 7 cents per share.
The results exceeded Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of 2 cents per share.
The maker of 3D printers posted revenue of $159.3 million in the period, which also beat Street forecasts. Four analysts surveyed by Zacks expected $157.2 million.
For the year, the company reported a loss of $29 million, or 44 cents per share. Revenue was reported as $651.5 million.
Stratasys expects full-year earnings in the range of 12 cents to 24 cents per share, with revenue in the range of $620 million to $670 million.
_____
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
Copyright © 2024 The Associated Press. All rights reserved. This material may not be published, broadcast, written or redistributed.
