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Stratasys Ltd Earnings Beat, Revenue Misses In Q3 By Investing.com

© Stratasys PR Stratasys Ltd Earnings Beat, Revenue Misses In Q3
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Investing.com – Stratasys (NASDAQ:) Ltd reported on Thursday third quarter that beat analysts’ forecasts and revenue that fell short of expectations.

Stratasys Ltd announced earnings per share of $0.05 on revenue of $162.2M. Analysts polled by Investing.com anticipated EPS of $0.03 on revenue of $164.44M.

Stratasys Ltd shares are down 24% from the beginning of the year, still down 64.33% from its 52 week high of $36.56 set on November 10, 2021.

Stratasys Ltd shares gained 3.53% in pre-market trade following the report.

Stratasys Ltd follows other major Information Technology sector earnings this month

Stratasys Ltd’s report follows an earnings beat by Apple on October 27, who reported EPS of $1.29 on revenue of $90.1B, compared to forecasts EPS of $1.26 on revenue of $88.76B.

Microsoft had beat expectations on October 25 with first quarter EPS of $2.35 on revenue of $50.1B, compared to forecast for EPS of $2.32 on revenue of $49.86B.

Stay up-to-date on all of the upcoming earnings reports by visiting Investing.com’s earnings calendar

Story Credit: investing.com

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