Stratasys Reports Third Quarter 2020 Financial Results
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Stratasys (SSYS) Tops Q3 EPS by 2c, Revenues Beat
November 12, 2020 6:05 AM ESTStratasys (NASDAQ: SSYS) reported Q3 EPS of ($0.05), $0.02 better than the analyst estimate of ($0.07). Revenue for the quarter came in at $127.9 million versus the consensus estimate of $122.14 million.
Q3 2020 Financial Results Summary:
Revenue for the third quarter of 2020 was $127.9 million, compared to $157.5 million for the same period last year. The 18.8% reduction was primarily driven by the adverse impact of COVID-19 on the companys customers throughout the industries into which the company sells its products and services.GAAP gross margin was 38.9% for the quarter, compared to 49.2% for the same period last year.... More