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Why Proto Labs Stock Rocketed 26% Today

TheMotleyFool

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Why Proto Labs Stock Rocketed 26% Today: https://g.foolcdn.com/editorial/images/720338/blackboard-drawing-of-a-rocket-launching-labeled-2023.jpg

Shares of for-hire 3D printing company Proto Labs (NYSE: PRLB) exploded higher in Friday trading, soaring 26.1% through 11:30 a.m. ET after the company beat earnings estimates this morning.

Analysts had only expected Proto Labs to report a $0.21 per share adjusted profit on sales of $109.8 million for Q4 2022. But Proto Labs says it earned $0.26 per share -- and did $115.6 million in sales.

Not all of the news was good, however.

Source Fool.com

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