Investing.com - Stratasys Ltd reported on Thursday third quarter earnings that beat analysts' forecasts and revenue that fell short of expectations.
Stratasys Ltd announced earnings per share of $0.05 on revenue of $162.2M. Analysts polled by Investing.com anticipated EPS of $0.03 on revenue of $164.44M.
Stratasys Ltd shares are down 24% from the beginning of the year and are trading at $13.50 , down-from-52-week-high.
Stratasys Ltd shares gained 3.53% in pre-market trade following the report.
Stratasys Ltd follows other major Information Technology sector earnings this month
Stratasys Ltd's report follows an earnings beat by Apple on Thursday, October 27, 2022, who reported EPS of $1.29 on revenue of $90.1B, compared to forecasts EPS of $1.26 on revenue of $88.76B.
Microsoft had beat expectations on Tuesday, October 25, 2022 with first quarter EPS of $2.35 on revenue of $50.1B, compared to forecast for EPS of $2.32 on revenue of $49.86B.
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