Proto Labs, Inc. (NYSE:PRLB) is reporting third quarter financial results on Thursday 29th October 2020, before market open.
According to analysts surveyed by Thomson Reuters, PRLB is expected to report 3Q20 income of $ 0.52 per share from revenue of $ 104.51 million.
For the full year, analysts anticipate top line of $ 433.46 million, while looking forward to income of $ 2.22 per share bottom line.
The Company Outlook
Revenue for 3Q20 are expected in a range of $ 98.00 million ~ $ 110.00 million
Click Here For More Historical Outlooks Of Proto Labs, Inc.
Previous Quarter Performance
Proto Labs, Inc. unfold income for the second quarter of $ 0.59 per share, from the revenue of $ 106.58 million. The quarterly earnings shrunk 16.90 percent compared with the same quarter last year. According to street consensus, PRLB was expected to report 2Q20 income of $ 0.36 per share from revenue of $ 100.46 million. The bottom line results beat street analysts by $ 0.23 or 63.89 percent, at the same time, top line results outshined analysts by $ 6.12 million or 6.09 percent.
Stock Performance
Shares of Proto Labs, Inc. traded low $ -7.64 or -6.10 percent on Wednesday, reaching $ 117.51 with volume of 651.00 thousand shares. Proto Labs, Inc. has traded high as $ 123.01 and has cracked $ 117.15 on the downward trend
According to the previous trading day, closing price of $ 117.51, representing a 98.05 % increase from the 52 week low of $ 63.19 and a 24.15 % decrease over the 52 week high of $ 164.99.
The company has a market capital of $ 3.14 billion and is part of the Industrials sector and Tools & Accessories industry.
Conference Call
Proto Labs, Inc. will be hosting a conference call at 8:30 AM eastern time on 29th October 2020, to discuss its 3Q20 financial results with the investment community. A live webcast with presentations will be available on the Internet by visiting the Company website www.protolabs.com
Proto Labs, Inc., together with its subsidiaries, operates as an e-commerce driven 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. The company was founded in 1999 and is headquartered in Maple Plain, Minnesota.
