Proto Labs Stock Jumps 5.3% on Earnings and Revenue Beats

Proto Labs (NYSE: PRLB) released better than expected fourth-quarter and full-year 2021 results before the market open on Friday.

Shares of the quick-turn contract manufacturing company jumped 5.3% on Friday. That performance is stronger than this number suggests because the market was under pressure. On Friday, the S&P 500 and tech stock-heavy Nasdaq Composite were down 1.9% and 2.8%, respectively.

The market's positive reaction to the release is attributable to fourth-quarter revenue and earnings both easily surpassing Wall Street's consensus estimates.

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Source Fool.com