SSYS - Here's the Truth About Stratasys's Earnings Beat
2023-05-22 07:07:00 ET
Shares of 3D printing pioneer Stratasys (NASDAQ: SSYS) leapt off the page last Tuesday, soaring 10% in response to what at first glance looked to be an impressive "earnings beat."
Analysts had forecast that the 3D-printing company would book $145 million in sales for first-quarter 2023, and lose $0.06 per share. Instead, reports TheFly.com, Stratasys delivered a positive earnings surprise -- two surprises, in fact. Sales came in ahead of expectations at $149.4 million, and instead of losing money for the quarter, Stratasys earned a surprise profit of $0.02 per share.
So... good news, right? Well, not entirely. As it turns out, Stratasys's Q1 news wasn't quite as good as it seemed.
For further details see:
Here's the Truth About Stratasys's Earnings "Beat"