Stratasys Ltd reports results for the quarter ended June 30 - Earnings Summary
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Stratasys LtdQ) reported adjusted earnings of 3 cents per share for the quarter ended June 30, surpassing last year's EPS of -4 cents. Revenue remained flat at $138.09 million, slightly above analyst expectations of $137.15 million. The company reported a net loss of $16.75 million and a reported EPS loss of 20 cents. Stratasys shares fell 0.9% this quarter but gained 27.9% year-to-date. Analysts maintain a "buy" rating, with a median 12-month price target of $14.50, 21.6% above the last closing price of $11.37.
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