Shares of Stratasys Inc. (NASDAQ: SSYS), a manufacturer and seller of three-dimensional (3D) printers and materials that create prototypes and manufactured goods directly from 3D CAD files or other 3D content, are soaring in trading today after the company reported strong fourth-quarter financial results.
For the fourth quarter of 2012, SSYS reported revenue of $96.4 million, compared to $78.3 million reported for the same period in the previous year. The company’s non-GAAP net income for the quarter was $16.3 million, or $0.40 per share, compared to $11.7 million, or $0.30 per share reported for the same period in the previous year.
For fiscal 2012, SSYS reported revenue of $359 million, compared to $277 million reported in fiscal 2011. The company’s non-GAAP net income for fiscal 2012 was $59.6 million, or $1.49 per share, compared to $37.2 million, or $0.94 per share reported for the same period in the previous year.
David Reis, CEO of Stratasys, said that the company’s financial results reflect the strong demand for its products driven by the rapidly growing interest in additive manufacturing worldwide, as more companies are recognizing how SSYS’s technology can reshape the way their products are designed and manufactured.
At last check, SSYS shares were trading 7.67% higher at $69.19 on above average volume of 973,090.The stock hit an intra-day high of $72.69 earlier today.
Shares of Hecla Mining Company (NYSE: HL), a Coeur d’Alene, Idaho-based company engaged in the discovery, acquisition, development, production and marketing of silver, gold, lead and zinc, are sinking in trading today after the company announced that it signed an agreement to acquire Aurizon Mines Ltd. (NYSE: AZK).
Hecla Mining signed a definitive agreement to acquire all issued and outstanding shares of Aurizon Mines in a transaction valued at approximately CAD$796 million. Phillips S. Baker, President and CEO of Hecla Mining, said that HL and Aurizon together create a unique precious metals company with three long-life, high-grade, low-cost mines in some of the best mining jurisdictions in the world.
At last check, HL shares were trading 12.72% lower at $4.05 on above average volume of 3.40 million.
Shares of Lexmark International Inc. (NYSE: LXK), a Lexington, Kentucky-based company engaged in the development, manufacturing and supply of printing, imaging, document workflow, content management solutions for the office, are up sharply in trading today.
At last check, LXK shares were trading 3.90% higher at $22.64 on volume of 314,448. The stock hit an intra-day high of $23.10 earlier today.
Shares of Arena Pharmaceuticals Inc. (NASDAQ: ARNA), a biopharmaceutical company engaged in the discovery, development and commercialization of oral drugs that target G protein-coupled receptors (GPCRs), are down sharply in trading today after the company reported weaker-than-expected quarterly results for the fourth quarter of 2012.
For the quarter, ARNA reported a loss of $0.10 per share, compared to consensus forecast of loss of $0.03 per share. The company’s revenue for the quarter was $1.94 million, compared to consensus forecast of $21.94 million.
At last check, ARNA shares were trading 5.03% lower at $7.92 on volume of 2.25 million. The stock fell to an intra-day low of $7.86 earlier today.