Stratasys beats by $0.10, beats on revs; guides FY17 EPS below consensus, revs below consensus :
- Reports Q4 (Dec) earnings of $0.15 per share, excluding non-recurring items, $0.10 better than the Capital IQ Consensus of $0.05; revenues rose 1.1% year/year to $175.3 mln vs the $169.51 mln Capital IQ Consensus.
- Co issues downside guidance for FY17, sees EPS of $0.19-0.37, excluding non-recurring items, vs. $0.48 Capital IQ Consensus Estimate; sees FY17 revs of $645-680 mln vs. $690.67 mln Capital IQ Consensus Estimate.
- Co seese FY17 non-GAAP operating margins of 3% to 5%.
- "As we move into 2017, we continue to invest in achieving our long-term goals. As we extend our reach into use-case centric applications, we intend to continue to shift resources to build out our capabilities around high-value added applications. We believe our combined efforts can lead to improved quality of revenue, and enable long-term, strong and sustainable growth. We are excited about the potential market opportunity that lies ahead."
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