Proto Labs Shares Drop 11% Despite Q3 Earnings Beat

Core Viewpoint - Proto Labs, Inc. (PRLB) shares experienced a significant decline of 11.33 percent to $47.02 despite reporting quarterly earnings that surpassed analyst expectations [1] Financial Performance - The company reported a net income of $7.22 million, or $0.30 per share, compared to $7.19 million, or $0.29 per share, from the previous year, indicating a slight increase in profitability [1] - Revenue increased by 7.8 percent to $135.37 million from $125.62 million year-over-year, reflecting positive growth in sales [1] Stock Performance - The stock opened at $53.60 and traded within a range of $45.10 to $54.63, with a previous close of $53.03 on the New York Stock Exchange [2] - Trading volume reached 333,000 shares, significantly above the average volume of 185,000 shares, indicating heightened trading activity [2] - Over the past 52 weeks, Proto Labs shares have fluctuated between $29.59 and $55.90, showcasing volatility in the stock price [2]