Why did SSYS's Q2 earnings fall short of forecasts?

Stratasys' Q2 2024 earnings fell short of forecasts due to a combination of factors:

1. **Revenue Shortfall**: The company experienced a revenue shortfall, with the actual revenue recorded at $138.04 million, falling short of the expected revenue of $1000 million. This shortfall can be attributed to a 3.5% year-over-year dip in total revenues, as reported in Q1 2024.
2. **System Revenue Decline**: Within the total revenue, System revenues plunged by 18.7% year-over-year, excluding the impact of divestitures. This decline indicates a slowdown in new system sales, which is a key factor in the revenue shortfall.
3. **Macroeconomic Challenges**: The company has cited ongoing macroeconomic challenges as one of the reasons for the revenue decline. These challenges have likely affected demand for their products and services.
4. **Foreign Currency Exchange Rates**: Unfavorable foreign currency exchange rates have also impacted Stratasys' revenue. This is evident from the fact that top-line growth was partially offset by the divestitures of certain businesses and unfavorable foreign currency exchange rates.

In summary, Stratasys' Q2 earnings fell short of forecasts due to a combination of factors including revenue shortfall, system revenue decline, macroeconomic challenges, and unfavorable foreign currency exchange rates.

|code|Ticker|Name|Date|Total Revenue|Net Income|market_code|
|---|---|---|---|---|---|---|
|SSYS|SSYS.O|Stratasys|2023 Q3|1.62133E8|-4.7279E7|185|
|SSYS|SSYS.O|Stratasys|2023 Q4|1.56337E8|-1.4956E7|185|
|SSYS|SSYS.O|Stratasys|2024 Q1|1.4405E8|-2.5983E7|185|
|SSYS|SSYS.O|Stratasys|2024 Q2|1.38041E8|-2.5743E7|185|