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Proto Labs Inc. (PRLB) Broke Out To A New High On Strong Q4 Results

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Proto Labs Inc. (PRLB: Quote) reported fourth quarter adjusted net income of $0.31 per share Wednesday morning. The consensus estimate was for EPS of $0.26. Revenues rose 31 percent to $33.6 million from $25.6 million in the year-ago quarter.

Proto Labs gapped up and climbed sharply in early trade Wednesday, before settling into a range. The stock finished higher by 10.82 at $52.82 on strong volume. Proto Labs broke out of a 1-month range and set a new high.

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by RTT Staff Writer

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