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Why Proto Labs Stock Just Dropped 9.5%

TheMotleyFool

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Contract 3D printer Proto Labs (NYSE: PRLB), which produces custom-made 3D-printed parts for prototyping and short-run production for its customers, failed to print the right kinds of numbers for its shareholders in this morning's fiscal Q4 2019 earnings report -- and is being punished for it. Shares were down 9.5% as of 10:50 a.m. EST on Thursday.

Heading into Q4, analysts had told investors to expect $0.63 per share in pro forma earnings from Proto Labs, and sales of just under $112 million. It barely achieved that earnings estimate, and just missed the sales target at $111.9 million.

Image source: Getty Images.

Source Fool.com

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