Q2 non-GAAP EPS of $0.41 trails expectations despite revenue beating estimates by $5.12M.
Proto Labs reported Q2 non-GAAP earnings per share of $0.41, missing estimates by $0.13. Revenue reached $149.3M, up 10.5% year-over-year and exceeding forecasts by $5.12M.
The company saw a 16.7% increase in total revenue per customer contact. CNC machining and injection molding revenues grew 13.6% and 13.1% year-over-year, respectively, reflecting strong demand in core segments.
Shares may face pressure as earnings fell short despite revenue growth.