Proto Labs Q2 2024 Adj. EPS $0.38 Beats $0.35 Estimate, Sales $125.631M Miss $126.245M Estimate
Portfolio Pulse from Benzinga Newsdesk
Proto Labs (NYSE:PRLB) reported Q2 2024 adjusted EPS of $0.38, beating the estimate of $0.35. However, sales of $125.631M missed the $126.245M estimate. EPS increased by 15.15% YoY, while sales grew by 2.75% YoY.
August 02, 2024 | 10:04 am
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Proto Labs reported Q2 2024 adjusted EPS of $0.38, beating the estimate of $0.35, but sales of $125.631M missed the $126.245M estimate. EPS increased by 15.15% YoY, while sales grew by 2.75% YoY.
The beat on EPS is a positive indicator and shows improved profitability, which is likely to have a positive short-term impact on the stock price. However, the slight miss on sales may temper the enthusiasm somewhat.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100