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Stratasys Delivers A Major Blow To Investors

Stratasys (NASDAQ:SSYS) reported preliminary 2014 financial results that disappointed investors, sending the stock down 30%. The company expects FY2014 revenue between $748 and $750 million and non-GAAP EPS in the range of $1.97 and $2.03. Both figures are below the prior guidance for revenue between $750 million and $770 million and non-GAAP EPS in the $2.21 to $2.31 range. The company also expects FY2015 revenue in the range of $940 to $960 million and non-GAAP EPS between $2.07 and $2.24, while the analyst estimates at the time of the release were $1.01 billion in revenue and non-GAAP EPS of $2.91. MakerBot's numbers were particularly disappointing, with revenues increasing just 7% Y/Y. Stratasys blamed new distribution partnerships with Staples (NASDAQ:SPLS), Home Depot (NYSE:HD) and Dell for poor Q4 results for MakerBot, as they have led to "less predictable patterns and reorder rates." The other problem with MakerBot might have been the extruder issue, which Jefferies' analyst Jason North said "led to many angry customers." Stratasys also expects to recognize a goodwill impairment charge of $100 to $110 million in Q4 for its MakerBot…