Stratasys Ltd. (NASDAQ: SSYS) reported second-quarter 2014 results before markets opened Thursday. The 3D printer maker reported adjusted diluted earnings per share (EPS) of $0.55 and $178.5 million in revenues. In the same period a year ago, Stratasys reported EPS of $0.45 on revenue of $106.5 million. Second-quarter results also compare to the Thomson Reuters consensus estimates for EPS of $0.45 and $156.61 million in revenue.

On a GAAP basis the company broke even for the quarter compared with a loss of $0.07 per share in the same quarter a year ago.

The company raised its full-year revenue guidance from a prior range of $660 million to $680 million to a new range of $750 million to $770 million. Full-year non-GAAP EPS guidance has also increased from a prior range of $2.15 to $2.25 to a new range of $2.25 to $2.35.

On its long-term operating model, Stratasys said that it now plans on organic revenue growth of 25%, up from a previous projection of 20%, and growth in non-GAAP operating income of 18% to 23%, down from a prior estimate of 20% to 25%.

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Stratasys also said that operating expenses for the 2014 fiscal year would “expand materially” compared with last year as the company makes investments in sales and marketing of its MakerBot products and for R&D. Capital spending is projected in a range of $50 million to $70 million for the year. Last year the company reported $33.3 million in capital spending.

The consensus estimates for the full year call for EPS of $2.20 on revenues of $685.06 million. Analysts expect third-quarter EPS of $0.58 on revenues of $175.5 million.

The company sold 14,909 3D printing and additive manufacturing systems during the quarter, and on a combined pro forma basis, a cumulative 99,529 systems have been sold worldwide through June 30, 2014.

The company’s CEO said:

We continue to observe strong positive sales momentum for our higher-performance systems and materials, which is reflected in the impressive 35% organic revenue growth we generated during the second quarter. Equally impressive were the sales of MakerBot products and services, which contributed $33.6 million of revenue during the period, driven by our expanding distribution network and the successful launch of three MakerBot branded 3D printers in the first half of the year.

Shares will trade solidly higher in the wake of this report. But remember that the addition of MakerBot to the product mix makes comparisons with a year ago difficult, and sequential improvement difficult to predict. Analysts’ expectations for the next couple of quarters will now be adjusted to match up with the company’s own projections, and it will be harder for Stratasys to post such an easy beat again.

Shares of Stratasys were up about 13% in premarket trading Thursday, at $111.78 in a 52-week range of $83.00 to $138.10. Thomson Reuters had a consensus analyst price target of around $130.00 before the results were announced.

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