update 1-stratasys q3 profit up, backs 2008 view; shares rise

by:INDUSTRIAL-MAN     2019-09-21
* Q3 profit increase 15 pct * strong sales-
Terminal products * 3D printer system revenue flat * reiterated 2008 outlook * stock price rose 20 pct in November 3 (Reuters)-Stratasys Inc (SSYS. O)
The company that made rapid prototyping systems grew 15% in the third quarter
Quarterly profit thanks to new high sales
The prospect of supporting its 2008 share price rose by 20%.
High profit company self-operated-
Terminal systems soared 68%.
\"Given that the positive momentum of this business continues until the first part of the fourth quarter, we are still cautiously optimistic,\" executive president Scott Kip said in a statement . \".
Stratasy3d printer system revenue flat, continuing the trend of weak sales in the second quarter.
This is expected to continue until the next quarter.
Stratasys set 3D printer high quality
Performance systems help to make prototypes directly from computers using plastic and other materialsaided design (CAD)workstation.
The company earned $3 in the third quarter.
7 million, 18 cents per share, $3.
$2 million a year ago. Third-
Quarterly results include 1 cent per share
Based on the cost of compensation.
Revenue grew by more than 15% to $30. 6 million.
Analysts expect earnings per share to be 19 cents and $30.
6 million, according to Reuters Estimates.
Minnesota Eden Prairie stocks
The company\'s shares rose to a high of $14.
53, before the transaction fell to $1. 30 at $13.
NASDAQ: 38 a. m. Monday
Double for alarmclick [ID:nWNAB6535].
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Said Sayantani Ghosh is in Bangalore.
Edited by Pratish Narayanan)
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