Proto Labs Inc (PRLB) released earnings for third quarter that decreased from last year but beat the Street estimates.
The company's bottom line totaled $7.189 million, or $0.29 per share. This compares with $7.954 million, or $0.31 per share, in last year's third quarter.
Excluding items, Proto Labs Inc reported adjusted earnings of $11.820 million or $0.47 per share for the period.
Analysts on average had expected the company to earn $0.32 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.
The company's revenue for the quarter fell 3.9% to $125.619 million from $130.705 million last year.
Proto Labs Inc earnings at a glance (GAAP) :
-Earnings (Q3): $7.189 Mln. vs. $7.954 Mln. last year.-EPS (Q3): $0.29 vs. $0.31 last year.-Revenue (Q3): $125.619 Mln vs. $130.705 Mln last year.
-Guidance:Next quarter EPS guidance: $0.28 to $0.36Next quarter revenue guidance: $115 to $123 Mln
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June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.