Stratasys Ltd SSYS shares are trading lower by $1.36 (7 percent) at $18.70 in Thursday's session.
Despite Q4 EPS of a dime along with a $5.8 million beat for revenues, the Street is focusing on its lower FY 2017 guidance. The company now forecasts FY 2017 adjusted EPS in the $0.19 to $0.37 range vs. $0.409 estimates. Sales are now in the $645-$680 million range vs. $693.7 million estimates.
In a yo-yo session, Stratasys stock bottomed in the first minute of the session at $18.50, then rebounded to $19.44 within the next five minutes. After making that high, it came down to retest the lows for the session, but found some buyers pennies ahead of the current low.
If the decline continues through its current low for the day, there may be additional support at its January 12 low of $18.24.
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