Proto Labs Shares Rise 17% on 4Q Guidance

Dow Jones

2024/11/01

By Denny Jacob

Proto Labs shares climbed 17% after its fourth-quarter outlook near the top of Wall Street's estimates.

Shares are trading around $31.95. The stock is down 30% on the year so far.

The digital manufacturing services provider guided for revenue between $115 million and $123 million, as well as adjusted earnings per share in the range of 28 cents and 36 cents in the fourth quarter. Analysts polled by FactSet expect $120 million in revenue and 29 cents a share in adjusted earnings.

Write to Denny Jacob at denny.jacob@wsj.com

(END) Dow Jones Newswires

November 01, 2024 08:10 ET (12:10 GMT)

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The stock is down 30% on the year so far. \n</p>\n<p>\n  The digital manufacturing services provider guided for revenue between $115 million and $123 million, as well as adjusted earnings per share in the range of 28 cents and 36 cents in the fourth quarter. Analysts polled by FactSet expect $120 million in revenue and 29 cents a share in adjusted earnings. \n</p>\n<pre>\n \n</pre>\n<p>\n  Write to Denny Jacob at denny.jacob@wsj.com \n</p>\n<pre>\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  November 01, 2024 08:10 ET (12:10 GMT)\n</p>\n<p>\n  Copyright (c) 2024 Dow Jones &amp; Company, Inc.\n</p>\n</font>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"PRLB","symbol_name":"Proto Labs Inc","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2480027740","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2480027740","pubTimestamp":1730463000,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"Proto Labs shares climbed 17% after its fourth-quarter outlook near the top of Wall Street's estimates.Shares are trading around $31.95. 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The stock is down 30% on the year so far. \n\n\n  The digital manufacturing services provider guided for revenue between $115 million and $123 million, as well as adjusted earnings per share in the range of 28 cents and 36 cents in the fourth quarter. Analysts polled by FactSet expect $120 million in revenue and 29 cents a share in adjusted earnings. \n\n\n \n\n\n  Write to Denny Jacob at denny.jacob@wsj.com \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  November 01, 2024 08:10 ET (12:10 GMT)\n\n\n  Copyright (c) 2024 Dow Jones & Company, Inc.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":true,"code":"91000000","status":"200"}}}