) opens the week on an upswing on word of a very successful
The Eden Prairie, Minnesota 3D printer manufacturer finished
the fourth quarter with an EPS of $0.40, up 33 percent
year-over-year. The firm also topped the Wall Street consensus of
$0.38 per share.
Revenue climbed 23 percent from Q4 2011 and closed at $96.4
million. On this front, Stratasys blew away analysts'
expectations of around $53 million.
Full-year EPS closed at $1.49, rising 58.5 percent from 2011.
This figure easily topped the Wall Street consensus of $1.38.
For the year, revenue grew nearly 30 percent and closed at
$359 million - 79.5 percent higher than the Wall Street consensus
of around $200 million.
Strong 2013 Guidance
Stratasys expects EPS to finish in the $1.80 to $1.95 range in
2013. At the middle-ground of $1.87-$1.88, the firm would top
analysts' expectations of $1.86.
The company also expects revenue to come in above the Wall
Street consensus. While analysts are looking for approximately
$421 million, Stratasys expects to pull in $430 to $445
Clap for Stratasys, Because of Stratasys
In January, Stratasys announced that the "magic arms" WREX
exoskeleton device - created by researchers at the Alfred I.
duPont Hospital for Children in Philadelphia - has been nominated
for the Designs of the Year 2013 awards by London's Design
Museum. The device helped a four year-old girl use her arms for
the firm time.
Notably, the device was created using a Stratasys Dimension 3D
Printer. Thus, if the WREX device ultimately goes on to win, look
for some positive news on the company in April - news that could
give the stock another boost.
3D Systems Down
The good news for Stratasys doesn't appear to be extending to
fellow 3D printer manufacturer 3D Systems Corp. (NYSE:
). After gradually climbing into the high $30s and closing near
$37 on February 28, the stock has embarked on a backslide. The
Rock Hill, South Carolina firm is down for the second day in a
row and is back below $36 as of this writing.
3D Systems is down around two percent on Friday.
After hovering in the $80s from the end of December through
most of January, Stratasys dipped back into the $70s before
briefly eclipsing the $80 mark again in the second week of
February. Since then, it has gradually declined and leveled out
in the low-to-mid $60s through Friday.
Now, on word of its successful fourth quarter and 2012
earnings, Stratasys is inching toward the $70 mark again. In the
morning hours of trading on Friday, the stock is at its highest
point in nearly two weeks as it hovers around the $69 mark.
Stratasys is up approximately seven percent on Friday.
(c) 2013 Benzinga.com. Benzinga does not provide investment
advice. All rights reserved.
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