Solid Q1 Results from Stratasys (SSYS) Pushes 3D Printing Segment Higher (DDD) (XONE)
Stratasys posted Q1 EPS of 43 cents on revs of $98.2 million, with the Street looking for EPS of 38 cents and revs of $98.1 million. To-date, the company said about 30,984 systems have been shipped globally, from 29,816 systems reported being shipped with its last report on March 4, 2013.
Adjusted gross margin improved 1 point sequentially to 59 percent, while it rose 2.3 points over the same period last year.
Looking ahead, Stratasys sees fiscal 2013 EPS of $1.80 to $1.95 on revs of $430 million to $445 million. The Street was modeling EPS of $1.88 and revs of $439.1 million.
3D Systems last reported Q2 EPS of 21 cents on revs of $102.1 million, with profit flat to consensus views.
ExOne swung to Q4 profit with its latest report. The company is expected to report Q1 results on May 14, with the Street looking for a loss of 11 cents per share on revenue of $9.15 million.