Stratasys (SSYS) Q4 Earnings and Revenues Miss Estimates

Stratasys (SSYS) reported fourth-quarter 2023 non-GAAP earnings of 2 cents per share, which missed the Zacks Consensus Estimate by 50% and declined 71.4% year over year.The company’s revenues dipped 1.8% year over year to $156.3 million and missed the consensus mark by 2.93%. Top-line growth was partially offset by the divestitures of certain businesses and unfavorable foreign currency exchange rates.Quarter in DetailSegment-wise, Product revenues decreased 0.7% from the year-ago quarter to$ 110.4 million. ...