Why Digital Manufacturing Company Protolabs' Shares Are Jumping Today
Portfolio Pulse from Akanksha Bakshi
Protolabs (NYSE:PRLB) reported Q3 FY2 revenue growth of 7.4% YoY to $130.71 million, beating the consensus of $122.77 million. The company posted an adjusted EPS of $0.51, an improvement from $0.40 in 3Q22, beating the consensus of $0.30. The gross margin expanded by 130 bps to 45.4%, and the operating margin expanded by 300 bps to 7.9%. Revenue from the digital network was $22.6 million, an increase of 86.9% YoY. PRLB shares are trading higher by 23% at $29.89.

November 03, 2023 | 1:56 pm
News sentiment analysis
Sort by:
Ascending
POSITIVE IMPACT
Protolabs reported strong Q3 FY2 results, beating revenue and EPS consensus. The company's shares are trading higher by 23%.
Protolabs reported strong Q3 FY2 results, with revenue and EPS both beating consensus estimates. This positive earnings report is likely driving the increase in the company's share price.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100