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Stratasys Ltd Raises FY 2013 Revenue Guidance; Reaffirms FY 2013 EPS Guidance

Thursday, 7 Nov 2013 06:00am EST 

Stratasys Ltd announced that it is updating its following financial guidance for fiscal 2013 as follows: Revenue guidance of $470 million to $490 million; versus previous guidance of $455 million to $480 million; non-GAAP earnings guidance of $1.75 to $1.90 per diluted share (EPS); and GAAP earnings guidance of a ($0.83) to ($0.55) per share loss; versus previous guidance of ($0.76) to ($0.49) per share loss. Earnings guidance incorporates a $0.06 per share positive impact from the company's improved outlook; and $0.06 per share of earnings dilution from the company's ordinary share offering completed on September 18, 2013. Non-GAAP earnings guidance excludes $67.2 million of projected amortization of intangible assets; $22.2 million to $24.9 million of share-based compensation expense; and $18.1 million to $20.7 million in merger-related expenses. According to I/B/E/S Estimates, analysts on an average were expecting the Company to report revenue of $465 million and EPS of $1.82 for fiscal 2013. 

Company Quote

-0.8 -2.12%
2:09pm EDT