Stratasys Q2 Revenue Falls, But It Reiterates Positive Outlook for FY23 and Beyond, Stock Slides
Portfolio Pulse from Anusuya Lahiri
Stratasys Ltd (NASDAQ:SSYS) reported a Q2 FY23 revenue decline of 4.08% YoY to $159.8 million, beating the consensus of $153.2 million. Adjusted EPS of $0.04 beat the $(0.03) consensus. The company reiterated its positive outlook for FY23 and beyond, despite the revenue decline. However, SSYS shares are trading lower by 6.44%.
August 09, 2023 | 6:35 pm
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NEGATIVE IMPACT
Stratasys reported a Q2 FY23 revenue decline but beat the consensus. The company reiterated its positive outlook for FY23 and beyond, but its shares are trading lower.
Despite beating the consensus and maintaining a positive outlook, Stratasys' shares are trading lower. This could be due to the reported revenue decline.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100