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Why Is Stratasys (SSYS) Down 6.4% Since Last Earnings Report?

Written by David

December 2, 2018

Shutterstock photo A month has gone by since the last earnings report for Stratasys (SSYS). Shares have lost about 6.4% in that time frame, underperforming the S&P 500. Will the recent negative trend continue leading up to its next earnings release, or is Stratasys due for a breakout? Before we dive into how investors and analysts have reacted as of late, let’s take a quick look at its most recent earnings report in order to get a better handle on the important catalysts. Stratasys Reports Q3 Results Stratasys reported third-quarter 2018 earnings of 11 cents per share, which topped the Zacks Consensus Estimate of 6 cents. The figure was higher than the year-ago figure of 8 cents per share. Stratasys’ revenues of $162 million missed the Zacks Consensus Estimate of $163 million. However, on a year-over-year basis, the figure increased 3.9%. High-end product orders, utilization rates and parts services […]

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