Stock Track | Proto Labs Stock Surges After Q3 Beat and Upbeat Q4 Outlook

Stock Track
2024-11-01

Shares of Proto Labs (NYSE:PRLB) soared over 13% in pre-market trading on November 1, 2024 after the digital manufacturing services company reported better-than-expected results for the third quarter of 2024 and provided an upbeat outlook for the current quarter.

For Q3 2024, Proto Labs posted adjusted earnings per share of $0.47, comfortably beating Wall Street's consensus estimate of $0.32. Revenue of $125.6 million also exceeded analysts' expectations of $121.4 million, despite representing a 3.9% year-over-year decline.

Looking ahead to Q4 2024, Proto Labs forecasted revenue in the range of $115 million to $123 million, bracketing the consensus estimate of $120 million. The company's adjusted EPS guidance range of $0.28 to $0.36 also signaled a potential uptick compared to Q3's adjusted EPS of $0.29. This improving outlook appeared to resonate positively with investors, fueling strong buying interest and driving the stock's substantial pre-market rally.

免责声明:投资有风险,本文并非投资建议,以上内容不应被视为任何金融产品的购买或出售要约、建议或邀请,作者或其他用户的任何相关讨论、评论或帖子也不应被视为此类内容。本文仅供一般参考,不考虑您的个人投资目标、财务状况或需求。TTM对信息的准确性和完整性不承担任何责任或保证,投资者应自行研究并在投资前寻求专业建议。

热议股票

  1. 1
     
     
     
     
  2. 2
     
     
     
     
  3. 3
     
     
     
     
  4. 4
     
     
     
     
  5. 5
     
     
     
     
  6. 6
     
     
     
     
  7. 7
     
     
     
     
  8. 8
     
     
     
     
  9. 9
     
     
     
     
  10. 10