Interim CEO Elan Jaglom said, “We believe that we are well
positioned to return to growth in Europe when macro conditions improve, and our
new products and platforms are launched and adopted in the market.”
The Israeli company ended its last trading session down 0.32% on Tuesday. SSYS shares have gained 51.8% in the year-to-date period and 46% in the trailing 12 months.
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Outlook
For fiscal 2019, the company expects revenues of $670 to $700
million. Guidance on GAAP net loss for this period was lowered to 5-31 cents
per share, from the earlier guidance of 22-40 cents per share.
Excluding one-off items, net income for the full year is projected to hit 55-70 cents per share.
Rival 3D Systems (NYSE: DDD) is scheduled to report second-quarter financial results on August 7.