Stratasys Ltd. (SSYS) reported quarterly earnings results on Monday, May-9-2016. The company said it had a profit of $0.01 Earnings per Share for the quarter. The results exceeded Wall Street expectations beating the analyst consensus estimate by $0.06. Analysts had a consensus of $-0.05. The company posted revenue of $167.90 million in the period, compared to analysts expectations of $164.57 million. The company’s revenue was down -2.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.04 EPS.
Many Wall Street Analysts have commented on Stratasys Ltd.. Stratasys Ltd. was Downgraded by Citigroup to ” Neutral” on Apr 15, 2016. Company shares were Reiterated by UBS on Mar 23, 2016 to “Sell”, Firm has raised the Price Target to $ 19 from a previous price target of $16 .Stratasys Ltd. was Downgraded by JP Morgan to ” Underweight” on Mar 7, 2016.
Stratasys Ltd. closed down -0.22 points or -1.03% at $21.06 with 20,21,451 shares getting traded on Friday. Post opening the session at $20.88, the shares hit an intraday low of $20 and an intraday high of $21.28 and the price fluctuated in this range throughout the day.Shares ended Friday session in Red.