Why Stratasys Stock Popped 14.9% on Tuesday
Shares of 3D printing company Stratasys (NASDAQ: SSYS) jumped as much as 14.9% on Tuesday after reporting first-quarter 2022 financial results. Shares closed the day up 12.7%.
Revenue for the quarter was up 22% from a year ago to $163.4 million and was the highest first quarter in six years. Stratasys reported a net loss of $20.9 million, or $0.32 per share, and adjusted net income of $1.2 million, or $0.02 per share. Analysts were expecting revenue of $157.5 million and an adjusted loss of $0.04 per share.
A 3D printer creating a part. Image source: Getty Images.
Source Fool.com
