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Stratasys Stumbles Over Earnings

Stratasys Ltd. (NASDAQ: SSYS) released its third-quarter financial results before the markets opened on Wednesday. The company had $0.01 in earnings per share (EPS) on $167.6 million in revenue, which compares to Thomson Reuters consensus estimates of $0.02 in EPS on revenue of $172.20 million. The same period from the previous year had EPS of $0.58 and $203.61 million in revenue.

In terms of guidance, the company expects to have a fourth-quarter net loss of $0.17 to $0.05 per share on revenue in the range of $160 million to $175 million. Consensus estimates call for $0.15 in EPS on $189.19 million in revenue for the quarter.

The company intends to adjust to the current market environment by implementing...