IPG Photonics Reports 8% Revenue Growth for Second Quarter 2016
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Needham & Company Cuts Price Target on IPG Photonics (IPGP) Following 2Q Beat
July 29, 2016 8:09 AM EDTNeedham & Company maintained a Buy rating on IPG Photonics (NASDAQ: IPGP), and cut the price target to $96.00 (from $98.00), following the company's 2Q earnings report. Revenues increased to $252.8M, above prior guidance of $235M- $252M and solidly above consensus $243.8M. EPS of $1.25 was at the upper end of guidance of... More
IPG Photonics (IPGP) Tops Q2 EPS by 6c, Offers Q3 Guidance
July 28, 2016 9:23 AM EDTIPG Photonics (NASDAQ: IPGP) reported Q2 EPS of $1.25, $0.06 better than the analyst estimate of $1.19. Revenue for the quarter came in at $252.8 million versus the consensus estimate of $243.41 million.
GUIDANCE:
IPG Photonics sees Q3 2016 EPS of $1.12-$1.27, versus the consensus of... More
