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 $0.36
Next quarter revenue guidance: $115 to $123 Mln
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