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)

Copyright (c) 2024 Dow Jones & Company, Inc.

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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":1}}}