Stratasys shares are trading lower after the company reported worse-than-expected Q2 sales and cut its FY24 revenue and earnings guidance.
Portfolio Pulse from Benzinga Newsdesk
Stratasys shares declined following disappointing Q2 sales and a reduction in FY24 revenue and earnings guidance.
August 29, 2024 | 11:11 am
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Stratasys reported lower-than-expected Q2 sales and reduced its FY24 revenue and earnings guidance, leading to a decline in its stock price.
The company's disappointing Q2 sales and reduced guidance for FY24 are likely to negatively impact investor sentiment, leading to a short-term decline in stock price.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100