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IPG Photonics Corporation Reports Advance In Q3 Earnings, Beats estimates

IPG Photonics Corporation (IPGP) reported earnings for its third quarter that advanced from the same period last year.

The company's profit came in at $75.40 million, or $1.40 per share. This compares with $35.60 million, or $0.66 per share, in last year's third quarter.

Analysts had expected the company to earn $1.27 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter rose 19.1% to $379.15 million from $318.44 million last year.

IPG Photonics Corporation earnings at a glance:

-Earnings (Q3): $75.40 Mln. vs. $35.60 Mln. last year.
-EPS (Q3): $1.40 vs. $0.66 last year.
-Analysts Estimate: $1.27
-Revenue (Q3): $379.15 Mln vs. $318.44 Mln last year.

-Guidance:
Next quarter EPS guidance: $1.00 to $1.30
Next quarter revenue guidance: $330 to $360 Mln

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