Stratasys Prints Earnings Beat and Sends Shares 7% Higher; Maintaining FVE
Shares for no-moat Stratasys jumped 7% after second-quarter results beat consensus expectations. We're maintaining our fair value estimate following management's unchanged guidance and this quarter's results. Revenue met our expectations, finishing at $170 million and flat compared with the second quarter last year, as ordering patterns returned for aerospace, automotive, and government products. Product revenue slipped 2%, from the prior-year period, while service revenue rose 6%. For the quart...
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