Canaccord Genuity Downgrades Proto Labs (PRLB) to Hold
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Proto Labs Reports Financial Results for the Third Quarter 2016
October 27, 2016 6:01 AM EDTQuarterly Revenue Increases 15 Percent Year over Year to Record $78.2 Million
MAPLE PLAIN, Minn.--(BUSINESS WIRE)-- Proto Labs, Inc. (NYSE: PRLB), a leading online and technology-enabled, quick-turn, on-demand manufacturer, today announced financial results for the third quarter ended September 30, 2016.
Third Quarter 2016 Highlights include:
Revenue for the third quarter of 2016 was $78.2 million, 15 percent above revenue of $67.8 million in the third quarter of 2015. Alphaform, the German company acquired in the fourth quarter of 2015, represented $4.0 million in revenue in the third quarter. Excluding this contribution, legacy revenue totaled $74.2... More