LOS ANGELES, CA / ACCESSWIRE / August 16, 2024 / The Schall Law Firm, a national shareholder rights litigation firm, announces that it is investigating claims on behalf of investors of Proto Labs, Inc. ("Proto Labs" or "the Company") (NYSE:PRLB) for violations of the securities laws.
The investigation focuses on whether the Company issued false and/or misleading statements and/or failed to disclose information pertinent to investors. Proto Labs reported Q3 results at the low end of its guidance on November 4, 2022. The Company also lowered its expected guidance for Q4 of 2024. The Company blamed "a decline in our injection molding revenue, predominantly due to the challenging macroeconomic climate" and "the closure of [Proto's] Japan operation." Analysts believe increased competition is another factor in the Company's decline.
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The Schall Law Firm represents investors around the world and specializes in securities class action lawsuits and shareholder rights litigation.
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CONTACT:
The Schall Law Firm
Brian Schall, Esq.
www.schallfirm.com
Office: 310-301-3335
[email protected]
SOURCE: The Schall Law Firm