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Stratasys (SSYS) Stock Falls Despite Q1 Earnings Beat

NEW YORK (TheStreet) -- Stratasys (SSYS - Get Report) stock is retreating by 5.51% to $19.90 on heavy trading volume on Monday afternoon, even though the 3D printing company delivered financial results that surpassed estimates for the 2016 first quarter.

Before the market open, the Minneapolis-based company reported earnings of 1 cent per share on revenue of $167.91 million for the three months ended March 31. Wall Street was anticipating a loss of 4 cents per share on $164.82 million in revenue for the quarter.

The latest quarterly results declined year over year, compared with earnings of 4 cents per share on revenue of $172.73 million for the same quarter last year.

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