Thursday, November 7, 2013

Stratasys's Upswing

This morning Sratasys released its Q3 earnings in their meeting streamed for the public and it out beat the forecasts of analysts. So this is what happened, the company increased its 2013 revenue guidance to $470M-$490M from $455M-$480M. This guidance report reports an estimation of the company's future earnings this can have a major influence on overstock ratings and investors decisions to buy, hold, or sell the security. With all other positive earnings reported Sratasys CEO in the conference call noted that things over in China are doing well and are projected to be even better. Looks like a good day and future for shareholders with new highs of roughly 122$ so far today.

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