Proto Labs: 1Q Earnings Snapshot

MAPLE PLAIN, Minn. (AP) _ Proto Labs Inc. (PRLB) on Thursday reported first-quarter earnings of $15.5 million.

On a per-share basis, the Maple Plain, Minnesota-based company said it had net income of 57 cents. Earnings, adjusted for stock option expense and non-recurring costs, came to 69 cents per share.

The results did not meet Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 70 cents per share.

The custom parts manufacturer posted revenue of $113.5 million in the period, also missing Street forecasts. Three analysts surveyed by Zacks expected $115.7 million.

Proto Labs shares have risen almost 4 percent since the beginning of the year. The stock has decreased slightly more than 1 percent in the last 12 months.

_____

This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on PRLB at https://www.zacks.com/ap/PRLB