Proto Labs Q2 Adj. EPS $0.33 Beats $0.30 Estimate, Sales $122.30M Beat $122.12M Estimate
Portfolio Pulse from Benzinga Newsdesk
Proto Labs (NYSE:PRLB) reported Q2 adjusted earnings of $0.33 per share, beating the analyst consensus estimate of $0.30 by 10%. However, this is a 28.26% decrease from the same period last year. The company also reported quarterly sales of $122.30 million, slightly beating the estimate of $122.12 million, but marking a 3.63% decrease from last year.
August 04, 2023 | 2:58 pm
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NEUTRAL IMPACT
Proto Labs' Q2 earnings and sales beat estimates but are down from the same period last year.
While Proto Labs beat the estimates for Q2 earnings and sales, the decrease from the same period last year might concern investors. This mixed result could lead to a neutral short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100