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Stratasys -1.3% after Q2 revenue miss

Jul. 31, 2019 7:49 AM ETBy: Brandy Betz, SA News Editor2 Comments
  • Stratasys (SSYSdrops 1.3% after a mixed Q2 report that beat on earnings but missed on revenue. The in-line FY19 outlook has revenue of $670-700M (consensus: $679.78M) and EPS of $0.55-0.70 (consensus: $0.62).
  • Q2 revenue breakdown: Product, $110.3M (consensus: $114.9M); Service, $52.8M (consensus: $54.2M).
  • Non-GAAP gross margin was flat on the year at 52.5%, above the 51.9% consensus.
  • Earnings call starts at 8:30 AM ET with a webcast here.
  • Press release.
  • Peers that could move today on the news: 3D Systems (DDD), Voxeljet (VJET), ExOne (XONE).

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