Stratasys Tumbles on Mixed Earnings Report [TheStreet.com]
Stratasys, Ltd. (SSYS)
Last stratasys, ltd. earnings: 2/26 07:30 am
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Source: TheStreet.com
Stratasys Tumbles on Mixed Earnings Report Stratasys Ltd. ( SSYS The company posted adjusted net income for the quarter of $11.3 million that came out to 21 cents per share -- up from 16 cents a share same time the year prior. While earnings rose, the company's revenue dipped from the same quarter last year. Fourth quarter revenue for 2018 only hit $177.1 million, falling from $179.3 million. That decline was caused by the partial U.S. government shutdown and weakness in the automotive industry in Europe and elsewhere, said Stratasys' interim chief executive, Elan Jaglom. "We are pleased with our fourth quarter and full year profitability," said Jaglom in a statement, touting the company's "record" cash flow from operations at the close of 2018. Still, investors appeared wary on Wednesday, with shares declining to $23.46 from Wednesday's close of $26.66. For 2018 as a whole, the company posted revenue of $663.2 million, compared to $668.4 million in 2017. Its adjusted earnings, howeve
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SSYS
Earnings
- 3/7/24 - Beat
SSYS
Sec Filings
- 4/15/24 - Form SC
- 4/4/24 - Form SC
- 3/12/24 - Form S-8
- SSYS's page on the SEC website