Proto Labs Inc (PRLB) Releases Earnings Results, Misses Expectations By $-0.03 EPS

Proto Labs Inc (PRLB) reported quarterly earnings results on Thursday, Jul-28-2016. The company reported $0.45 earnings per share for the quarter, missing the analyst consensus estimate by $-0.03. Analysts had a consensus of $0.48. The company posted revenue of $75.00 million in the period, compared to analysts expectations of $77.19 million. The company’s revenue was up 17.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.50 EPS.

Many Wall Street Analysts have commented on Proto Labs Inc. FBR Capital Initiated Proto Labs Inc on May 11, 2016 to “Outperform”, Price Target of the shares are set at $80.

Proto Labs Inc closed down -8.04 points or -13.11% at $53.29 with 26,56,596 shares getting traded on Thursday. Post opening the session at $52.56, the shares hit an intraday low of $50.5 and an intraday high of $56.6185 and the price fluctuated in this range throughout the day.Shares ended Thursday session in Red.

In a different news, on May 23, 2016, Rainer Gawlick (director) sold 357 shares at $61.20 per share price. According to the SEC, on Apr 6, 2016, Jacqueline D. Schneider (Vice President Global Sales) sold 19,844 shares at $77.66 per share price. On Apr 4, 2016, John B. Tumelty (VP/GM & Managing Director-EMEA) sold 21,000 shares at $77.74 per share price, according to the Form-4 filing with the securities and exchange commission.

Proto Labs Inc. (Proto Labs) is an online manufacturer of custom parts for prototyping and short-run production. The Company utilizes computer numerical control (CNC) machining and injection molding to manufacture custom parts for its customers. The Company provides parts for product developers and engineers across the world. The Company utilizes computer numerical control (CNC) machining and injection molding to manufacture custom parts for its customers. The Company targets its products to the product developers and engineers who use three-dimensional computer-aided design (3D CAD) software to design products across a diverse range of end-markets. Its primary manufacturing product lines include Protomold which is an injection molding product line Firstcut which is a CNC machining product line and Fineline which is an additive-manufactured (3D printing) product line. The Company has operations in the United States Europe and Japan.

Proto Labs Inc

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