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Stratasys Q2 Earnings: Loss Widens, Cuts Workforce, Lowers Annual Projections, Stock Tumbles

Stratasys, Ltd (NASDAQ:SSYS) stock tanked after the company reported fiscal second-quarter 2024 revenue of $138.04 million, missing the analyst consensus estimate of $146.34 million. Adjusted EPS loss of 0.04 cents beat the analyst consensus estimate of 5 cent loss. The adjusted gross margin expanded to 49.0% from 48.5% a year ago. Adjusted operating loss was $(3.2) million, down from $5.0 million a year ago. Adjusted net loss was $(3.0) million, down from $2.5 million a year ago. Adjusted EBITD

Fewer Americans file for jobless claims as US labor market continues to defy elevated interest rates

The number of Americans filing for unemployment benefits fell slightly last week as the U.S. labor market remains healthy in the face of high interest rates. Jobless claims ticked down by 2,000 to 231,000 for the week of Aug. 24, the Labor Department reported Thursday. Weekly filings for unemployment benefits, which are considered a proxy for layoffs, remain low by historic standards.