Stratasys Ltd. (SSYS) reported third quarter non-GAAP EPS of $0.58 Wednesday morning, up from $0.45 in the previous year. Analysts expected EPS of $0.57. The company also lowered its full year non-GAAP EPS forecast to between $2.21 and $2.31, from prior expectations of $2.25 to $2.35. The consensus estimate is for EPS of $2.30.
Stratasys gapped open sharply lower Wednesday morning and is now down 13.19 at $108.07. The stock has dropped to a 3-week low and has fallen below its 50 and 200-day moving averages.
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