Stratasys: Q1 Earnings Insights - Stratasys (NASDAQ:SSYS)

Stratasys SSYS reported its Q1 earnings results on Tuesday, May 16, 2023 at 07:00 AM.

Here's what investors need to know about the announcement.

Stratasys beat estimated earnings by 133.33%, reporting an EPS of $0.02 versus an estimate of $-0.06.

Revenue was down $14.05 million from the same period last year.

Last quarter the company beat on EPS by $0.04 which was followed by a 3.26% increase in the share price the next day.

Here's a look at Stratasys's past performance:

Quarter	Q4 2022	Q3 2022	Q2 2022	Q1 2022
EPS Estimate	0.03	0.02	-0.01	-0.04
EPS Actual	0.07	0.05	0.02	0.02
Revenue Estimate	157.58M	163.56M	166.32M	157.56M
Revenue Actual	159.26M	162.19M	166.60M	163.43M

To track all earnings releases for Stratasys visit their earnings calendar here.

This article was generated by Benzinga's automated content engine and reviewed by an editor.