Protolabs Expects Q3 Revenue Of $117M-$125M Vs. $129.624M Consensus; Sees Adj. EPS Of $0.29-$0.37 Vs. $0.41 Consensus
Portfolio Pulse from Benzinga Newsdesk
Protolabs has provided its Q3 2024 outlook, expecting revenue between $117M and $125M, below the consensus of $129.624M. The company also anticipates adjusted EPS between $0.29 and $0.37, compared to the consensus of $0.41.
August 02, 2024 | 10:08 am
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Protolabs has issued a Q3 2024 revenue forecast of $117M-$125M, which is below the consensus estimate of $129.624M. The company also expects adjusted EPS to be between $0.29 and $0.37, lower than the consensus of $0.41.
The revenue and adjusted EPS forecasts are both below consensus estimates, which is likely to negatively impact the stock price in the short term as investors react to the lower-than-expected guidance.
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