MINNETONKA, Minn. (AP) — MINNETONKA, Minn. (AP) — Stratasys Ltd. (SSYS) on Thursday reported a loss of $55.6 million in its third quarter.
On a per-share basis, the Minnetonka, Minnesota-based company said it had a loss of 65 cents. Earnings, adjusted for non-recurring costs and stock option expense, came to 2 cents per share.
The results beat Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was breakeven on a per-share basis.
The maker of 3D printers posted revenue of $137 million in the period, also exceeding Street forecasts. Four analysts surveyed by Zacks expected $136.4 million.
Stratasys expects full-year earnings in the range of 13 cents to 16 cents per share, with revenue in the range of $550 million to $560 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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