IPG Photonics (IPGP) Tops Q2 EPS by 6c, Offers Q3 Guidance
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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
