Proto Labs Slips To Loss In Q4, Adj. EPS Beats Market; Issues Q1 View; Stock Up - Update

(RTTNews) - Proto Labs Inc. (PRLB) reported Friday a loss in its fourth quarter, compared to prior year's profit, with weak revenues. However, adjusted earnings and top line beat market estimates. The company also issued first quarter outlook, expecting earnings in line or below market estimates.

In pre-market activity on the NYSE, Proto Labs shares were trading at $45.98, up 3.58 percent.

For the first quarter, the company expects net income per share between $0.08 and $0.16, and adjusted earnings per share between $0.26 and $0.34.

The Company expects to generate revenue between $120 million and $128 million.

The Wall Street analysts on average expect the company to report earnings of $0.34 per share on revenues of $124.51 million. Analysts' estimates typically exclude special items.

Further, the company noted that its Board of directors on February 4 approved a new $100 million stock repurchase program.

In its fourth quarter, Proto Labs reported a loss of $0.40 million, compared to profit of $6.99 million in the same period last year. Loss per share was $0.02, compared to prior year's profit of $0.27.

Adjusted earnings were $9.40 million or $0.38 per share for the period, compared to $11.8 million or $0.46 per share a year ago. Analysts projected $0.32 per share.

Revenue dropped 2.6 percent to $121.75 million from prior year's $125.05 million. The Street was looking for revenues of $120.12 million for the quarter.

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