IPG: Q2 Earnings Snapshot
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OXFORD, Mass. (AP) — OXFORD, Mass. (AP) — IPG Photonics Corp. (IPGP) on Tuesday reported second-quarter earnings of $62.3 million.
The Oxford, Massachusetts-based company said it had profit of $1.31 per share.
The results exceeded Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of $1.24 per share.
The high-powered laser maker posted revenue of $340 million in the period, which fell short of Street forecasts. Four analysts surveyed by Zacks expected $343.5 million.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on IPGP at https://www.zacks.com/ap/IPGP
