Proto Labs eyes best day in over a decade after Q3 beat

Proto Labs

03/11/2023 15:55

** Shares of digital manufacturing services provider Proto
Labs  PRLB.N  soar ~26% to $30.47, hitting their highest levels
since Aug. 4
    ** Stock on track for best day in over a decade, if gains
hold
    ** Company reports Q3 revenue of $130.7 mln, beating
analysts' estimate of $122.8 mln - LSEG data
    ** Posts Q3 adj. earnings of 51 cents/shr, also above
analysts' estimate of 30 cents/shr
    ** Company's primary manufacturing product lines include
injection molding, computer numerical control machining,
three-dimensional printing and sheet metal
    ** Stock up 20.6% YTD, including session's gains

 (Reporting by Purvi Agarwal in Bengaluru)
 ((Purvi.Agarwal@thomsonreuters.com))