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Shares of IPG Photonics (NASDAQ:IPGP) were unchanged after the company reported Q3 results.
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Quarterly Results
Earnings per share increased 20.56% over the past year to $1.29, which beat the estimate of $0.89.
Revenue of $318,441,000 declined by 3.25% from the same period last year, which beat the estimate of $304,000,000.
Looking Ahead
Q4 EPS expected between $0.75 and $1.05.
Q4 revenue expected to be between $290,000,000 and $320,000,000.
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How To Listen To The Conference Call
Date: Oct 30, 2020
Time: 10:00 AM
Recent Stock Performance
Company's 52-week high was at $202.58
52-week low: $98.04
Price action over last quarter: Up 12.23%
Company Overview
IPG Photonics is a vertically integrated developer and manufacturer of high-performance fiber lasers, fiber amplifiers, and diode lasers, which are used in diverse applications in the manufacturing, automotive, industrial, aerospace, semiconductor, and consumer end markets. A large majority of the firm's revenue is derived from materials processing applications for fiber lasers, including cutting and welding, marking and engraving, and micro-processing. Roughly a third of the firm's revenue is generated in China, with the rest coming from North America, Europe, Japan, Australia, and other countries across the world.
Crypto Whales Are Loading Up — Are You?
New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.