Proto Labs to Kick Off 3D Printing Earnings Season: What to Watch
Proto Labs (NYSE: PRLB), a quick-turn, internet-enabled contract manufacturer, is slated to report its third-quarter results before the market open on Thursday. Its earnings conference call will begin at 8:30 a.m. EDT that day.
As it traditionally does, the company (which offers both traditional manufacturing and 3D printing services) will kick off earnings season for the 3D printing space. The two largest pure-play 3D printing companies, 3D Systems and Stratasys, are scheduled to release their results on Nov. 5 and Nov. 12, respectively. (Here are earnings previews for 3D Systems and Stratasys.)
Investors' expectations for Proto Labs will likely be modest. Its results for the first and second quarters were hurt by the COVID-19 pandemic, when many of its industrial sector customers were temporarily closed or not operating at full capacity. However, year to date through Friday, Proto Labs stock was up 35.2%, compared with the S&P 500's 8.9% gain.
Source Fool.com
