10:04 AM EST, 02/07/2025 (MT Newswires) -- (Updates with the latest stock movement in the headline and first paragraph and additional detail in the last paragraph.)

Proto Labs ( PRLB ) shares were down 1.1% in recent Friday trading after the company reported lower Q4 results.

The company earlier reported Q4 non-GAAP net income of $0.38 per diluted share, down from $0.46 a year earlier.

Analysts polled by FactSet expected $0.32.

Revenue for the quarter ended Dec. 31 was $121.8 million, down from $125.0 million a year earlier.

Analysts surveyed by FactSet expected $120.2 million.

For Q1, the digital manufacturing services provider expects non-GAAP diluted net income per share between $0.26 and $0.34 on revenue of $120 million to $128 million. Analysts polled by FactSet expect non-GAAP EPS of $0.34 on revenue of $124.5 million.

The company also said its board on Tuesday also approved a $100 million open-ended share repurchase program.

Price: 43.89, Change: -0.50, Percent Change: -1.13