From Eric Savitz at Forbes:
Stratasys Q4 Tops Street Expectations; Shares Rally
The 3D printing company Stratasys posted better-than-expected results for the fourth quarter.
Stratasys reported Q4 revenues of $96.4 million, up 23% from the year-ago quarter, and sharply ahead of the Street consensus forecast at $52.8 million. Non-GAAP profits of 40 cents a share, edging the Street at 38 cents.
“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,” CEO David Reis said in a statement....MORE
