Stratasys posts earnings, raises forecast

  • Article by: DEE DEPASS , Star Tribune
  • Updated: August 1, 2012 - 8:39 AM

Eden Prairie-based Stratasys Inc. posted a 31 percent jump in second quarter revenues to $49.4 million.

System shipments rose to 776 units during the quarter, up from 735 units for the same period a year ago thanks in part to strong sales of its higher-end Fortus systems and to a bump in system installations.

Net income fell 25 percent to $3 million or 14 cents a share.

Excluding one-time costs, adjusted net income was $7.0 million, or $0.32 per share, which was in line with analysts' estimates.

Officials raised their forecasts for the year based on the strength of their Fortus systems sales.

Dee DePass • 612-673-7725

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