- Stratasys (SSYS) -3.8% premarket after guiding FY 2014 earnings below Wall Street estimates, as it warned expenses would rise significantly.
- Forecasts FY 2014 (Dec.) adjusted EPS of $2.15-$2.25 vs. $2.35 analyst consensus estimate and revenue of $660M-$680M vs. ~$655M consensus.
- Says higher operating expenses will be driven by investments in sales and marketing programs to drive future market adoption, as well as by higher R&D investments to fund technology innovation and new product development.
Stratasys lowers guidance below Street estimates, shares -3.8%
Jan 14 2014, 07:40 ET