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3D printing firm Stratasys beats Q2 EPS estimates but misses revenue expectations, lowers FY 2024 guidance.
Stratasys, a 3D printing solutions provider, reported Q2 earnings of ($0.04) EPS, beating estimates by a penny, but missed revenue expectations with $138 million, down 13.6% year-over-year.
The company updated its FY 2024 EPS guidance to $0.01-$0.05 and revenue to $570-$580 million, both below prior estimates.
Stratasys has a market cap of $478.56 million, negative return on equity of 3.27%, and a consensus "Buy" rating with a target price of $11.75.
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La empresa de impresión 3D Stratasys supera las estimaciones de EPS del segundo trimestre, pero no alcanza las expectativas de ingresos, reduce la guía para el año fiscal 2024.