Stratasys misses by $0.07, misses on revs; lowers FY16 EPS, revs guidance:
- Reports Q3 (Sep) net of breakeven, excluding non-recurring items, $0.07 worse than the Capital IQ Consensus of $0.07; revenues fell 6.2% year/year to $157.18 mln vs the $174.63 mln Capital IQ Consensus.
- Non-GAAP gross margin was 54.0% for the third quarter, compared to 50.8% for the same period last year.
- Co lowers guidance for FY16, sees EPS of $0.13-0.21 (Prior $0.17-0.43) vs. $0.34 Capital IQ Consensus Estimate; sees FY16 revs of $662-673 mln (Prior $700-730 mln) vs. $701.43 mln Capital IQ Consensus Estimate.
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