Proto Labs Q3 2024 Adj EPS $0.47 Beats $0.32 Estimate, Sales $125.62M Beat $121.38M Estimate
Portfolio Pulse from Benzinga Newsdesk
Proto Labs (NYSE:PRLB) reported Q3 2024 earnings of $0.47 per share, surpassing the $0.32 estimate, despite a year-over-year decrease. Sales also exceeded expectations at $125.62M, though they were down from the previous year.
November 01, 2024 | 10:05 am
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Proto Labs reported Q3 2024 earnings of $0.47 per share, beating the $0.32 estimate, and sales of $125.62M, exceeding the $121.38M estimate. Despite these beats, both earnings and sales were down compared to the same period last year.
Proto Labs exceeded analyst expectations for both EPS and sales, which is typically positive for stock prices. However, the year-over-year decline in both metrics may temper investor enthusiasm. Overall, the earnings beat is likely to have a positive short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100