IPG Photonics Guides Q2 In Line With View; Q1 Results Top Estimates
(RTTNews) - While reporting financial results for the first quarter on Tuesday, IPG Photonics Corp. (IPGP) provided earnings and revenue guidance for the second quarter, in line with estimates.
For the second quarter, the company expects earnings in a range of $1.05 to $1.35 per share on revenues between $325 million and $355 million.
On average, five analysts polled by Thomson Reuters expect the company to report earnings of $1.18 per share on revenues of $355.15 million for the quarter. Analysts' estimates typically exclude special items.
For the first quarter, the company reported net income attributable to the company of $60.14 million or $1.26 per share, up from $69.57 million or $1.31 per share in the prior-year quarter. Net sales for the quarter declined 6 percent to $347.17 million from $369.98 million in the same quarter last year.
The Street expected the company to report earnings of $1.14 per share on revenues of $330.60 million for the quarter.
For more earnings news, earnings calendar, and earnings for stocks, visit rttnews.com
IPG Photonics Guides Q3 Well Below View As Q2 Results Miss Estimates
IPG Photonics Guides Q3 EPS In Line With View; Q2 EPS Misses Estimates
Canadian Market Remains Positive, Looks On Course For Another Firm Close
Swiss Market Ends Modestly Higher
European Stocks Close Weak After Cautious Session
Australian Dollar Drops Against Most Majors
Canadian Dollar Falls Against Majors
