Needham & Company Cuts Price Target on IPG Photonics (IPGP) Following 2Q Beat
FREE Breaking News Alerts from StreetInsider.com!
StreetInsider.com Top Tickers, 9/13/2026
- S&P 500 ends higher as strong inflation data cements rate-hike bets
- Oracle raises full year profit guidance, stock rises after hours
- Oil falls but head for 8% weekly gain on tight supply; US diesel hits record
- 'No panic anywhere' may be the problem, BofA strategists warn
- Buy Shopify stock at this ’AI-enabled entry point,’ analyst says
- S&P 500 ends higher as strong inflation data cements rate-hike bets
- Goldman Sachs tech conference highlights AI spending outlook
- Dell shares surge on record AI server bookings
- Buy Shopify stock at this ’AI-enabled entry point,’ analyst says
- 'No panic anywhere' may be the problem, BofA strategists warn
- After-Hours Movers: ORCL, CRWV, ADBE, ACVA, CPRT, ZUMZ, PMTS, RH
- After-Hours Movers: COO, AEO, NAVN, AVAV, TORO
- After-Hours Movers: LULU, IOT, PATH, DOCU, ASAN, GWRE, ZS, PL, SWBI, OXM
- After-Hours Movers: AVGO, SNOW, HPE, NTAP, NTSK, CHPT, FIVE, TLYS, PVH, RARE
- After-Hours Movers: DELL, PANW, GTLB, CRDO, MDB, HPE, SMCI
IPG Photonics Reports 8% Revenue Growth for Second Quarter 2016
July 28, 2016 8:00 AM EDT
Record Quarterly Revenues of $252.8 Million Driven by Strength in
Materials Processing and High Power Laser Sales
Company
Announces Anti-Dilutive Stock Repurchase Program
OXFORD, Mass.--(BUSINESS WIRE)-- IPG Photonics Corporation (NASDAQ: IPGP) today reported financial results for the second quarter ended June 30, 2016.
       ÂThree Months EndedJune 30,
Six Months EndedJune 30,
(In millions, except per share data) 2016 Â Â 2015 % Change 2016 Â Â 2015 % Change Revenue $ 252.8 $ 235.1 8 % $ 460.0 $ 434.1 6 % Gross margin 54.5 % 54.7 % 54.8 % 54.5 % Operating income... More