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Why Stratasys Stock Sank 15% Today

TheMotleyFool

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Stratasys (NASDAQ: SSYS) stock fell 14.9% through 12:05 p.m. on mixed earnings on Thursday.

Wall Street analysts had forecast the 3D printing company would lose $0.05 per share in the second quarter, and the good news is that Stratasys beat that estimate -- losing "only" $0.04. The bad news is that Stratasys fell well short of Street forecasts for $146.3 million in Q2 sales, reporting only $138 million.

This news gets worse. The $138 million in sales that Stratasys did manage to make in the quarter represented a 14% decline year over year. The company did manage to grow consumables sales (for example, 3D printer filament) by 6%. However, in the "current macroeconomic environment," management says sales of actual 3D printers declined significantly.

Source Fool.com

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