Stratasys (SSYS) Stock Climbs on Mixed Earnings Despite Weak Forecast

Stratasys (SYSS) shares are climbing after the company beat analysts' third quarter earnings expectations
By Tony Owusu ,

NEW YORK (TheStreet) -- Shares of Stratasys (SSYS) - Get Report are up by 3.12% to $28.07 in afternoon trading on Wednesday, following the release of the company's third quarter earnings results, which came out before the opening bell today.

The 3-D printer manufacturer reported third quarter earnings of 1 cent per share versus analysts' expectations of a 1 cent per share loss during the period.

Revenue in the quarter fell 17.7% to $167.6 million, missing analysts' $168.88 million guidance for the quarter.

The company also issued downside fourth quarter earnings guidance. Stratasys expects to report a loss between 17 cents and 6 cents per share in the current quarter versus analysts' 9 cents per share expectations.

Revenue in the current quarter is expected to be between $160 million and $175 million versus analysts' $183.32 million estimates.

Separately, TheStreet Ratings team rates STRATASYS LTD as a Sell with a ratings score of D. TheStreet Ratings Team has this to say about their recommendation:

We rate STRATASYS LTD (SSYS) a SELL. This is driven by a few notable weaknesses, which we believe should have a greater impact than any strengths, and could make it more difficult for investors to achieve positive results compared to most of the stocks we cover. The company's weaknesses can be seen in multiple areas, such as its deteriorating net income, disappointing return on equity, weak operating cash flow and feeble growth in its earnings per share.

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Any reference to TheStreet Ratings and its underlying recommendation does not reflect the opinion of Jim Cramer, TheStreet or any of its contributors.

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