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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