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Technology Stocks : 3D Printing
DDD 2.170+0.5%Nov 14 9:30 AM EST
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From: DanD3/4/2013 3:44:37 PM
   of 902
 
Stratasys Swings to 4th-Quarter Loss on Merger Costs; Revenue Up
Last update: 3/4/2013 8:59:43 AM
     By Melodie Warner

Stratasys Ltd. (SSYS) swung to a fourth-quarter loss as merger costs masked the printing company's improved margins.

Shares were recently trading 6% higher at $68 premarket as results beat expectations and the company also forecast full-year adjusted earnings of $1.80 to $1.95 a share on revenue between $430 million and $445 million. Analysts surveyed by Thomson Reuters expect $1.86 a share on $421 million for 2013. The stock has climbed 80% over the past year.

Stratasys completed its $1.4 billion merger with the privately held three-dimensional printing company Objet Ltd. in December.

Stratasys swung to a loss of $4.2 million, or 16 cents a share, from a profit of $5.8 million, or 27 cents, a year earlier. Excluding items such as amortization, stock-based compensation and merger costs, per-share earnings rose to 40 cents from 30 cents a year ago. Sales jumped 63% to $71.2 million.
Analysts polled by Thomson Reuters had most recently forecast per-share earnings of 38 cents on revenue of $53 million.

Write to Melodie Warner at melodie.warner@dowjones.com
Subscribe to WSJ: online.wsj.com?mod=djnwires
(END) Dow Jones Newswires
March 04, 2013 08:59 ET (13:59 GMT)
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