Revenue Update on Proto Labs Inc(NYSE:PRLB)

Proto Labs Inc(NYSE:PRLB) announced the earnings results for Fiscal Year 2016 and Q2. The results came in during Pre-market on Jul 28, 2016. Company reported revenue of $74.96M. Analysts estimated a revenue of $77.20M. Earnings per share were $0.45. Analysts had estimated an EPS of $0.48.

In a different note, FBR Capital said it Initiates Coverage on Proto Labs Inc, according to a research note issued on May 11, 2016. The shares have been rated ‘Outperform’ by the firm.

Proto Labs Inc (PRLB) made into the market gainers list on Thursdays trading session with the shares advancing 0.81% or 0.45 points. Due to strong positive momentum, the stock ended at $55.82, which is also near the day’s high of $56.73. The stock began the session at $55.33 and the volume stood at 1,82,123 shares. The 52-week high of the shares is $82.06 and the 52 week low is $50.5. The company has a current market capitalization of $1,471 M and it has 2,63,60,113 shares in outstanding.

Several Insider Transactions has been reported to the SEC. On May 23, 2016, Rainer Gawlick (director) sold 357 shares at $61.20 per share price.Also, On Apr 6, 2016, Jacqueline D. Schneider (Vice President Global Sales) sold 19,844 shares at $77.66 per share price.On Apr 4, 2016, John B. Tumelty (VP/GM & Managing Director-EMEA) sold 21,000 shares at $77.74 per share price, according to the Form-4 filing with the securities and exchange commission.

Proto Labs Inc. (Proto Labs) is an online manufacturer of custom parts for prototyping and short-run production. The Company utilizes computer numerical control (CNC) machining and injection molding to manufacture custom parts for its customers. The Company provides parts for product developers and engineers across the world. The Company utilizes computer numerical control (CNC) machining and injection molding to manufacture custom parts for its customers. The Company targets its products to the product developers and engineers who use three-dimensional computer-aided design (3D CAD) software to design products across a diverse range of end-markets. Its primary manufacturing product lines include Protomold which is an injection molding product line Firstcut which is a CNC machining product line and Fineline which is an additive-manufactured (3D printing) product line. The Company has operations in the United States Europe and Japan.

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