Stratasys' Earnings Move in Right Direction, but It's Still Struggling to Grow Revenue

Stratasys' Earnings Move in Right Direction, but It's Still Struggling to Grow Revenue

Stratasys (NASDAQ: SSYS) reported its third-quarter 2017 earnings before the market opened on Tuesday. The 3D printing company's revenue edged down nearly 1%, loss per share narrowed significantly, and adjusted earnings per share (EPS) came in at $0.08, up from $0.00 in the year-ago period.

Shares closed higher 4.3% on Tuesday. We can attribute the market's reaction to adjusted EPS that comfortably beat Wall Street's expectation of $0.05, as well as Stratasys' increase in its full-year 2017 earnings guidance. 

Stratasys stock is up 26.7% in 2017 through Tuesday, versus the S&P 500's 17.2% return. Shares of rival 3D Systems (NYSE: DDD) are down 38.3% this year, with the market sending shares tumbling nearly 24% earlier this month, after the company reported disappointing earnings and withdrew its full-year guidance. 

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Source: Fool.com