Proto Labs' Earnings Slip on Continued Weakness in Acquired Business [The Motley Fool]
Proto Labs, Inc. Common stock (PRLB)
Last proto labs, inc. common stock earnings: 4/30 06:00 am
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Source: The Motley Fool
Proto Labs' Earnings Slip on Continued Weakness in Acquired Business A softening economy also weighed on the technology-enabled contract manufacturer's second-quarter results. Proto Labs ( NYSE:PRLB ) released weak second-quarter 2019 results before the market open on Thursday. Shares of the quick-turn contract manufacturer dropped 9.8% on Thursday, but then jumped 9% on Friday. So they closed out the week just 1.7% lower than the level they were at before earnings were released. Such a whiplash-inducing market reaction following a company announcing quarterly results isn't that uncommon. It likely indicates that some market participants thought the initial sell-off was overdone. We can attribute the market's initial reaction to both second-quarter revenue and earnings falling short of what many investors were likely expecting, along with third-quarter guidance for both the top and bottom lines coming in lighter than widely anticipated. Here's how the quarter worked out for Proto La
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News
- Solid Earnings Reflect Proto Labs' (NYSE:PRLB) Strength As A Business [Yahoo! Finance]Yahoo! Finance
- Proto Labs, Inc. (NYSE: PRLB) had its price target raised by analysts at Craig Hallum from $30.00 to $36.00. They now have a "hold" rating on the stock.MarketBeat
- Proto Labs, Inc. (NYSE: PRLB) had its "overweight" rating re-affirmed by analysts at Cantor Fitzgerald. They now have a $40.00 price target on the stock.MarketBeat
- Proto Labs, Inc. (NYSE: PRLB) had its "hold" rating re-affirmed by analysts at Needham & Company LLC.MarketBeat
- Proto Labs (PRLB) Q3 2024 Earnings Call Transcript [Yahoo! Finance]Yahoo! Finance
PRLB
Earnings
- 11/1/24 - Beat
PRLB
Sec Filings
- 11/14/24 - Form SCHEDULE
- 11/8/24 - Form SC
- 11/7/24 - Form 10-Q
- PRLB's page on the SEC website