PR Newswire
LOS ANGELES, Aug. 7, 2024
LOS ANGELES, Aug. 7, 2024 /PRNewswire/ -- 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.
If you are a shareholder who suffered a loss, click here to participate.
We also encourage you to contact Brian Schall of the Schall Law Firm, 2049 Century Park East, Suite 2460, Los Angeles, CA 90067, at 310-301-3335, to discuss your rights free of charge. You can also reach us through the firm's website at www.schallfirm.com, or by email at [email protected].
The Schall Law Firm represents investors around the world and specializes in securities class action lawsuits and shareholder rights litigation.
This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and rules of ethics.
CONTACT:
The Schall Law Firm
Brian Schall, Esq.
310-301-3335
[email protected]
www.schallfirm.com
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SOURCE The Schall Law Firm
