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Stock impact report

Q2 Earnings Recap: Proto Labs (NYSE:PRLB) Tops Custom Parts Manufacturing Stocks [Yahoo! Finance]

Proto Labs, Inc. Common stock (PRLB) 
Last proto labs, inc. common stock earnings: 4/30 06:00 am Check Earnings Report
Company Research Source: Yahoo! Finance
Onshoring and inventory management–themes that grew in focus after COVID wreaked havoc on global supply chains–are tailwinds for companies that combine economies of scale with reliable service. Many in the space have adopted 3D printing to efficiently address the need for bespoke parts and components, but all companies are still at the whim of economic cycles. For example, consumer spending and interest rates can greatly impact the industrial production that drives demand for these companies' offerings. The 4 custom parts manufacturing stocks we track reported a softer Q2. As a group, revenues missed analysts' consensus estimates by 5.1% while next quarter's revenue guidance was 6.7% below. Inflation progressed towards the Fed's 2% goal recently, leading the Fed to reduce its policy rate by 50bps (half a percent or 0.5%) in September 2024. This is the first cut in four years. While CPI (inflation) readings have been supportive lately, employment measures have bordered on worrisom Show less Read more
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