IPG Photonics Announces First Quarter 2017 Financial Results
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IPG Photonics (IPGP) PT Raised to $146 at Needham & Company Following 2Q Report
May 3, 2017 8:05 AM EDTNeedham & Company raised its price target on IPG Photonics (NASDAQ: IPGP) to $146.00 (from $130.00) while maintaining a Buy rating. Revenues increased 38% to $285.8M. EPS increased 50% y/o/y to $1.38, above guidance of $1.10-$1.35, and consensus of $1.34.
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IPG Photonics (IPGP) Tops Q1 EPS by 18c
May 2, 2017 8:04 AM EDTIPG Photonics (NASDAQ: IPGP) reported Q1 EPS of $1.38, $0.18 better than the analyst estimate of $1.20. Revenue for the quarter came in at $285.8 million versus the consensus estimate of $253.97 million.
For earnings history and earnings-related data on IPG Photonics (IPGP) click here.
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