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reported its third quarter results Wednesday morning.
The 3D printing company improved its earnings per share by 29 percent from a year ago to $0.58 in the third quarter, which was a penny higher than analysts expected. Revenue increased 62 percent from a year ago to $203.60 million, topping analyst expectations of $195.50 million.
Shares recently traded at $114.90, down 5.2 percent in the premarket.
Non-GAAP Net income for the third quarter rose by 50 percent from a year ago to $30.1 million, as the company benefited from strong MakerBot-branded products and service sales that were 80 percent higher than they were a year ago.
At the same time, Stratasys issued a weak full year fiscal 2014 guidance.
The company expects its full year EPS to be in a range of $2.21 to $2.31, which appears weak given the consensus estimate of $2.30 per share. The company previously estimated it will earn $2.25 to $2.35 per share.
Stratasys noted that its revised guidance reflects the recent acquisition of GrabCAD. The company also lowered its full year net income guidance to $115 to $120 million, lower than the $117 million to $122 million range the company previously expected.
Revenue guidance remains unchanged for the full fiscal year at $750 million to $770 million.
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