Stratasys R&D, Sales Expansion Clips Earnings Outlook

By | January 14, 2014

Scalper1 News

Stratasys (SSYS) early Tuesday preannounced lower than expected net income in 2014, sending 3D printer stocks falling. Stratasys expects operating expenses to “expand significantly” in 2014 as it expands its sales and marketing. It also it will increase spending on research and development in order to address expanding opportunities in the field. It projected earnings per share minus items of $2.15 to $2.25, below the consensus estimate of $2.31 Scalper1 News

Scalper1 News