Why Stratasys Stock Tanked Today

Shares of Stratasys (NASDAQ: SSYS) tanked today, falling 13% after the company reported fourth-quarter earnings. The bottom line missed consensus estimates.

Revenue in the fourth quarter came in at $160.2 million, which resulted in adjusted net income of $10 million, or $0.18 per share. Analysts were hoping for $0.20 per share in adjusted profit. The 3D printing technology company had appointed a new CEO, Yoav Zeif, back in December. He took over the role last week.

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Source Fool.com