Shares of Proto Labs, Inc. (PRLB) are gaining more than 7 percent on pre-market session on Thursday after adjusted earnings per share beat estimates, on 7.5 percent growth in revenues.
Currently, shares are at $42.0, up 2.77 points or 7.06 percent.
Quarterly net income declined to $4.427 million from $4.540 million a year ago. On a per share basis, earnings were $0.18, in line with last year.
On an adjusted basis, earnings were $9.987 million or $0.41 per share, while it was $9.532 million or $0.38 per share a year ago.
Analysts, on average, expected the company to report $0.34 per share. Analysts estimates usually exclude special items.
Revenue for the digital manufacturer of custom parts in the United States and Europe grew to $135.063 million from $125.631 million last year.
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