Proto Labs Earnings: Here’s Why Shares are Down Now
Proto Labs, Inc. (NYSE:PRLB) delivered a profit and beat Wall Street’s expectations, AND beat the revenue expectation. The revenue beat is a positive sign to shareholders seeking high growth out of the company. Shares are down 2.87%.
Proto Labs, Inc. Earnings Cheat Sheet
Results: Adjusted Earnings Per Share increased 45.83% to $0.35 in the quarter versus EPS of $0.24 in the year-earlier quarter.
Revenue: Rose 24.46% to $37.3 million from the year-earlier quarter.
Actual vs. Wall St. Expectations: Proto Labs, Inc. reported adjusted EPS income of $0.35 per share. By that measure, the company beat the mean analyst estimate of $0.31. It beat the average revenue estimate of $36.78 million.
Quoting Management: “We are pleased to report that our United States, European and Japanese operations each achieved record quarterly revenues for the first quarter of 2013, a consistent theme for our teams. Our marketing and sales strategies combined with efficient operations continue to make us a very fast growing and highly profitable company,” said Proto Labs’ President and CEO, Brad Cleveland.
Key Stats (on next page)…