Why Stratasys Stock Is Soaring After Earnings

Why Stratasys Stock Is Soaring After Earnings
Rich Smith, The Motley Fool
·2 min read

Shares of 3D printer maker Stratasys (NASDAQ: SSYS) had soared 10.8% as of 11:15 a.m. EST Monday after the company announced a huge earnings beat before the market opened. Expected to report only breakeven profits for its fiscal fourth quarter of 2020 today, Stratasys surprised the market with a report of $0.13 per share earned, pro forma, on sales of $142.4 million (also ahead of expectations). While beating expectations for $135.3 million, quarterly sales actually declined 11% year over year in Q4.