Stratasys Q2 Earnings: Loss Widens, Cuts Workforce, Lowers Annual Projections, Stock Tumbles

Quick Summary:

Stratasys, Ltd (NASDAQ:SSYS) stock tanked after the company reported fiscal second-quarter 2024 revenue of $138.04 million, missing the analyst consensus estimate of $146.34 million.Adjusted EPS loss of 0.04 cents beat the analyst consensus estimate of 5 cent loss.

Adjusted operating loss was $(3.2) million, down from $5.0 million a year ago.

Adjusted net loss was $(3.0) million, down from $2.5 million a year ago.Adjusted ...

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Author / Journalist: Anusuya Lahiri

Category: Technology

Markets: United States

Topics: News Benzinga Why it's moving Earnings SSYS Guidance Briefs Stories That Matter US8626851047 Top Stories Tech

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-08-29 @ 12:55:22 (2 days ago)

News Timezone: GMT +8:00

News Source URL: benzinga.com

Language: English

Article Length: 340 words

Reading Time: 2 minutes read

Sentences: 18 lines

Sentence Length: 19 words per sentence (average)

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Copyright Owner: © Benzinga

News ID: 22296862

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