Microsoft strongly encourages users to switch to a different browser than Internet Explorer as it no longer meets modern web and security standards. Therefore we cannot guarantee that our site fully works in Internet Explorer. You can use Chrome or Firefox instead.

Why Proto Labs Stock Just Dropped 9.5%

TheMotleyFool

0 0

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

Like: 0

PRLB

Share