Why Stratasys Stock Sank 6.5% on Thursday
Shares of Stratasys (NASDAQ: SSYS) cratered after the company reported first-quarter earnings this morning, falling more than 11% before rebounding to about a 6.5% loss as of 11:15 a.m. EDT.
The 3D printer maker reported its fiscal Q1 2020 earnings today, and the company's $0.19 per share pro forma loss was nearly four times as bad as the $0.05 loss that Wall Street was expecting. Stratasys' $132.9 million in quarterly sales likewise fell short of Street expectations for $136.5 million.
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Source Fool.com
