IPG Photonics Corporation Reports Gain In Q2 Bottom Line

IPG Photonics Corporation (IPGP) revealed earnings for its second quarter that increased from the same period last year.

The company's earnings totaled $69.8 million, or $1.29 per share. This compares with $38.2 million, or $0.71 per share, in last year's second quarter.

Analysts had expected the company to earn $1.40 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter rose 25.4% to $371.7 million from $296.4 million last year.

IPG Photonics Corporation earnings at a glance:

-Earnings (Q2): $69.8 Mln. vs. $38.2 Mln. last year.
-EPS (Q2): $1.29 vs. $0.71 last year.
-Analysts Estimate: $1.40
-Revenue (Q2): $371.7 Mln vs. $296.4 Mln last year.

Next quarter EPS guidance: $1.10 to $1.40
Next quarter revenue guidance: $350 to $380 Mln

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