Proto Labs (NYSE:PRLB) posted its earnings results on Thursday, October 25th. The industrial products company reported $0.86 EPS for the quarter, topping the Zacks’ consensus estimate of $0.65 by $0.21, MarketWatch Earnings reports. The business had revenue of $115.43 million during the quarter, compared to analyst estimates of $112.53 million. Proto Labs had a return on equity of 14.31% and a net margin of 16.76%.
Shares of Proto Labs stock traded down $1.53 on Friday, reaching $124.90. The company’s stock had a trading volume of 101,484 shares, compared to its average volume of 210,675. The firm has a market cap of $3.46 billion, a price-to-earnings ratio of 64.72, a PEG ratio of 2.18 and a beta of 1.46. Proto Labs has a 52 week low of $82.93 and a 52 week high of $166.60.
Separately, Zacks Investment Research lowered Proto Labs from a “buy” rating to a “hold” rating in a report on Wednesday, September 26th.
About Proto Labs
Proto Labs, Inc, together with its subsidiaries, operates as an e-commerce enabled digital manufacturer of custom parts for prototyping and short-run production worldwide. It utilizes injection molding, computer numerical control machining, three-dimensional (3D) printing, and sheet metal fabrication to manufacture custom parts for developers and engineers who use 3D computer-aided design software to design products across a range of end markets.
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