EDEN PRAIRIE, Minn. (AP) _ Stratasys Ltd. (SSYS) on Wednesday reported a second-quarter loss of $28 million, after reporting a profit in the same period a year earlier.
The Eden Prairie, Minnesota-based company said it had a loss of 51 cents per share. Losses, adjusted for one-time gains and costs, came to 13 cents per share.
The results topped Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for a loss of 23 cents per share.
The maker of 3D printers posted revenue of $117.6 million in the period.
Stratasys shares have decreased 22% since the beginning of the year. The stock has declined 35% in the last 12 months.
_____
This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on SSYS at https://www.zacks.com/ap/SSYS
The Associated Press
