Stratasys Stock Drops 11% on Q3 Revenue Dip and Guidance Cut
Stratasys (NASDAQ: SSYS) reported disappointing third-quarter results before the market opened on Wednesday, Nov. 13. It was the second of the two leading 3D printing companies to report, as rival 3D Systems released its results on Oct. 30.
Shares of the Israel and Minneapolis area-based company plunged to a closing loss of 11.2% on Wednesday. We can attribute the market's ire to revenue falling short of Wall Street's consensus estimate and management's paring back of full-year 2019 revenue guidance.
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Source Fool.com
