NEW YORK (TheStreet) -- Shares of Stratasys, Ltd. (SSYS) closed sharply down 10.8% to $108.16 Wednesday, after the 3D-printing company lowered its non-GAAP full year earnings guidance to between $2.21 and $2.31 per share, from its previous guidance of between $2.25 and $2.35 per share.
Stratasys updated its outlook to reflect the GrabCAD acquisition, but kept its full year revenue guidance at between $750 million and $770 million for the full year.
The company also revised its GAAP guidance to a net loss of between $31.6 million and $24.4 million, or between 63 cents and 49 cents per share for the full year.
Watch the video below for more on Stratasys' latest quarterly results:
Stratasys released its better than expected third quarter earnings report this morning.
About 6.38 million shares traded hands by 4:07 p.m., compared to the average trading volume of about 999,396 shares a day.
Separately, TheStreet Ratings team rates STRATASYS LTD as a Buy with a ratings score of B.
- You can view the full analysis from the report here: SSYS Ratings Report