IPG Photonics Corp.'s (IPGP) first-quarter net income attributable to the company grew to $35.1 million, or $0.67 a share, from $29.9 million, or $0.61 a share, a year ago. On average, 11 analysts polled by Thomson Reuters expected earnings per share of $0.70 for the quarter. Analysts' estimates typically exclude one-time items.
Revenue stood at $141.9 million this quarter, up 15% from the prior-year quarter's $123.2 million, while 8 analysts estimated revenue of $150.34 million.
Looking forward, IPG Photonics sees revenue of $155 million to $165 million for the second quarter of 2013, and expects earnings per share in the range of $0.72 to $0.82. Analysts project second-quarter earnings per share of $0.78 and revenue of $162.71 million.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.