BUZZ-Proto Labs touches 7-month high after upbeat forecast

Reuters
01 Nov 2024

** Shares of digital manufacturing services provider Proto Labs jump 36% to $35.94, touches seven-month high, after upbeat outlook

** PRLB sees Q4 rev between $115 mln and $123 mln above avg. est. of 120.01 mln - LSEG

** Co reports Q3 EPS of 47 cents and rev of $125.6 mln vs. analysts est. of EPS of 32 cents and rev of 121.4 mln

** "We remain committed to accelerating our growth, as highlighted by the actions we initiated at the end of the second quarter to reorganize our internal structure and better position the company for growth and value-creation over the long-term"- CEO Rob Bodor

** PRLB announced the closure of two of its manufacturing facilities in Germany in late October

** Including session's move, stock down ~8% YTD

(Reporting by Ragini Mathur)

((Ragini.Mathur@thomsonreuters.com;))

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Most Discussed

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