Why Stratasys Stock Dropped Today
Shares of Stratasys (NASDAQ: SSYS) were down 9.1% as of 2:40 p.m. EDT Thursday after the 3D printing leader announced mixed second-quarter 2019 results relative to expectations.
Stratasys' revenue fell 4.1% year over year to $163.2 million, around $5.5 million below most analysts' targets. That translated into a 6.7% increase in adjusted net income per share to $0.16, beating estimates by $0.01 per share.
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