Why Proto Labs Stock Popped 13% Today
Shares of 3D prototyping company Proto Labs (NYSE: PRLB) joined a broad rally among 3D printing stocks of all stripes Thursday, rushing ahead to close the day up 13%.
In the absence of any other news, Proto Labs' share price strength appears to trace back directly to preliminary fourth-quarter earnings results published by 3D printer maker 3D Systems (NYSE: DDD) this morning.
In that announcement, 3D Systems noted that sales for the fiscal fourth quarter seem likely to land at least 21% higher than analysts had forecast. What's more, the company says it might finally break a string of quarterly financial losses that has stretched back, uninterrupted, for four straight years.
Source Fool.com
