Stratasys Inc.'s stock was up 12 percent Wednesday on the heels of an earnings report that blew through stock analysts' profit expectations.
The Eden Prairie-based three-dimensional modeling firm reported net third quarter income of $5.9 million or 27 cents per share, up from $3.2 million or 15 cents per share for the same time last year. Profits topped analysts' estimates by 6 cents.
Sales for the quarter were a record $39.7 million, up 31 percent from last year's third quarter and about $1 million more than Wall Street forecasts.
The company also gave revenue guidance for its fiscal year 2012 that was above consensus estimates, according to Capital IQ, though profit guidance for the year was in line with estimates.
Mike Hughlett • 612-673-7003
