Shares of IPG Photonics IPGP were unchanged after the company reported Q3 results.
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.
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.
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