Stratasys' Earnings Improve, but Revenue Slips
Stratasys (NASDAQ: SSYS) reported second-quarter 2019 results before the market opened on Wednesday, July 31.
It was the first of the two leading 3D printing companies to report, with rival 3D Systems scheduled to release its results after the market closes on Wednesday, Aug. 7.
Stratasys' revenue slipped 4.1% year over year, which management largely attributed to "significant economic weakness in Europe," chairman of the board and interim CEO Elan Jaglom said on the earnings call. On the positive side, bottom-line results under generally accepted accounting principles (GAAP) flipped from negative to positive, and earnings per share (EPS) adjusted for one-time items increased 6.7%.
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