04:55 PM EDT, 05/29/2024 (MT Newswires) -- Stratasys ( SSYS ) reported Q1 non-GAAP net loss Wednesday of $0.02 per diluted share, compared with net income of $0.02 a year earlier.

Analysts polled by Capital IQ expected a loss of $0.07.

Revenue for the quarter ended March 31 was $144.1 million, down from $149.4 million a year earlier.

Analysts surveyed by Capital IQ expected $143.8 million.

The company reiterated its 2024 outlook for non-GAAP net income of $0.12 to $0.19 per share on revenue of $630 million to $645 million. Analysts polled by Capital IQ expected $0.14 for EPS on revenue of $636.4 million.

Shares of the company were up over 3% in recent after-hours activity.

Price: 9.15, Change: +0.33, Percent Change: +3.74