Stratasys, Ltd (SSYS) stock surged in pre-market trading after the 3D printing company reported better-than-expected third-quarter earnings, exceeding revenue estimates despite a year-over-year decline. While the company faces revenue challenges due to macroeconomic factors, its adjusted gross margin improved, and it returned to non-GAAP profitability, driven by strong traction for its flagship F3300 platform and growth in the Aerospace, Automotive, and Healthcare sectors. The company also reaffirmed its full-year revenue outlook and expects significant cost savings in 2024.
