10:56 AM EDT, 05/03/2024 (MT Newswires) -- Proto Labs ( PRLB ) shares were up 0.6% in recent Friday trading after the company's Q1 results increased year over year.

The company reported Q1 non-GAAP net income Friday of $0.40 per diluted share, up from $0.30 a year earlier.

Four analysts surveyed by Capital IQ expected $0.31.

Revenue for the quarter ended March 31 was $127.9 million, up from $125.9 million a year earlier.

Four analysts surveyed by Capital IQ expected $124.7 million.

The company said it expects Q2 non-GAAP EPS of $0.30 to $0.38. Four analysts surveyed by Capital IQ expect $0.39. The company expects revenue for the quarter of $122 million to $130 million. Four analysts surveyed by Capital IQ expect $128.3 million.

Price: 31.32, Change: +0.18, Percent Change: +0.58