Proto Labs Inc (PRLB) reported earnings for first quarter that decreased from the same period last year but beat the Street estimates.
The company's bottom line totaled $3.59 million, or $0.15 per share. This compares with $5.26 million, or $0.20 per share, last year.
Excluding items, Proto Labs Inc reported adjusted earnings of $8.08 million or $0.33 per share for the period.
Analysts on average had expected the company to earn $0.29 per share. Analysts' estimates typically exclude special items.
The company's revenue for the period fell 1.3% to $126.20 million from $127.89 million last year.
Proto Labs Inc earnings at a glance (GAAP) :
-Earnings: $3.59 Mln. vs. $5.26 Mln. last year.
-EPS: $0.15 vs. $0.20 last year.
-Revenue: $126.20 Mln vs. $127.89 Mln last year.
-Guidance:
Next quarter EPS guidance: $0.30 - $0.38
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