Stratasys Q3 Adjusted EPS $0.04 Beats $0.03 Estimate, Sales $162.13M Beat $161.25M Estimate
Portfolio Pulse from Benzinga Newsdesk
Stratasys (NASDAQ:SSYS) reported Q3 adjusted EPS of $0.04, surpassing the $0.03 estimate, and sales of $162.13M, slightly beating the $161.25M estimate. However, these figures represent a 20% decrease in EPS and a 0.04% decrease in sales from the same period last year.
November 16, 2023 | 12:39 pm
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POSITIVE IMPACT
Stratasys reported higher-than-expected Q3 earnings and sales, but experienced a year-over-year decline in both metrics.
The positive earnings surprise and sales beat are likely to be viewed favorably by investors in the short term, potentially leading to a positive impact on Stratasys' stock price. However, the year-over-year decline in both earnings and sales may temper investor enthusiasm, suggesting a moderate impact.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100