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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