Stratasys -6% on in-line EPS, guidance reiteration; 3D Systems -4.9%


Stratasys (SSYS) is reiterating guidance for 2014 revenue of $660M-$680M ($674.8M consensus) and EPS of $2.15-$2.25 ($2.21 consensus). Organic growth (excludes MakerBot) is still expected to total 25%.

Q1 EPS was only in-line (in spite of a $7.9M revenue beat) thanks in large part to Stratasys' aggressive spending: SG&A spend +56% Y/Y to $67.6M, R&D spend +56% to $16.8M. Gross margin rose 70 bps Q/Q and 190 bps Y/Y to 60.9%.

Product revenue +58% Y/Y to $129.3M, services revenue +41% to $21.7M. MakerBot, acquired in mid-2013, saw revenue grow 79% Y/Y to $20.6M.

Rival 3D Systems (DDD) is following Stratasys lower. The shoe was on the other foot last month.

Q1 results, PR

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