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Stratasys (SSYS) Prelim. Q1 Results Miss Expectations

April 28, 2015 4:04 PM EDT

Stratasys (NASDAQ: SSYS) announced preliminary first quarter 2015 results as well as updated 2015 financial guidance. The Company expects to report first quarter revenue in the range of $171 to $173 million; these results reflect negative impact of a stronger U.S. dollar in the amount of approximately $8.7 million when compared to foreign currency exchange rates last year. This represents an increase of approximately 14% over revenues for the first quarter of 2014, or 20% on a constant currency basis.

The Company expects non-GAAP net income in the range of $1.0 to $2.0 million or $0.02 to $0.04 per diluted share.... More