Stratasys Ltd. (SSYS) Releases Earnings Results, Beats Expectations By $0.06 EPS

Stratasys Ltd. (SSYS) reported quarterly earnings results on Thursday, Aug-4-2016. The company said it had a profit of $0.12 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 $0.06. The company posted revenue of $172.10 million in the period, compared to analysts expectations of $175.48 million. The company’s revenue was down -5.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.15 EPS.

Many Wall Street Analysts have commented on Stratasys Ltd.. Shares were Downgraded by Piper Jaffray on Jul 18, 2016 to ” Neutral” and Lowered the Price Target to $ 24 from a previous price target of $32 .FBR Capital Initiated Stratasys Ltd. on May 24, 2016 to “Outperform”, Price Target of the shares are set at $29.Shares were Reiterated by Needham on May 10, 2016 to “Buy” and Lowered the Price Target to $ 26 from a previous price target of $28 .

Stratasys Ltd. closed down -0.73 points or -3.63% at $19.36 with 10,00,611 shares getting traded on Tusday. Post opening the session at $19.85, the shares hit an intraday low of $19.31 and an intraday high of $20.2 and the price fluctuated in this range throughout the day.Shares ended Tusday session in Red.

Stratasys Ltd.

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