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Why Stratasys Stock Just Dropped 11%

TheMotleyFool

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Shares of 3D-printer maker Stratasys (NASDAQ: SSYS) got walloped this morning -- down 13% in early trading before clawing their way back to something more like an 11% loss as of 10:45 a.m. EST on Wednesday.

The reason: earnings -- or more precisely, sales.

Stratasys posted a beat on earnings in its fiscal Q3 2019 financial results released Wednesday morning, at $0.12 per share, where Wall Street had expected only $0.11. But sales for the quarter came in light: $157.5 million, short of the consensus number of $162.1 million.

Source Fool.com

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