IPG Photonics Announces Record Second Quarter 2018 Financial Results
FREE Breaking News Alerts from StreetInsider.com!
StreetInsider.com Top Tickers, 6/23/2026
- Wall St tumbles on tech selloff as concerns about hawkish Fed, AI spending mount
- Chip stocks plunge, but bargain-hunters stem losses in other tech names
- Oil drops $1 as investors focus on Hormuz flows after peace talks
- South Korea leveraged ETF crisis sparks global chip selloff
- Trump announces nuclear deal with Iran, lifts Hormuz blockade
- Exclusive-China robot-hand-building unicorn Linkerbot targets $6 billion valuation
- Spain's ex-transport minister sentenced to 24 years for corruption
- China, US, UAE police arrest 276 telecom fraud suspects in Dubai
- Li Auto Inc. (LI) Breaks Ground on Chips R&D and Production Base
- 'Equal and opposite': BTIG's Krinsky sees sharp reversal ahead for chip stocks
IPG Photonics (IPGP) Misses Q2 EPS by 4c, Cuts Guidance
July 31, 2018 8:05 AM EDTIPG Photonics (NASDAQ: IPGP) reported Q2 EPS of $2.21, $0.04 worse than the analyst estimate of $2.25. Revenue for the quarter came in at $413.6 million versus the consensus estimate of $418.61 million.
GUIDANCE:
IPG Photonics sees Q3 2018 EPS of $1.80-$2.05, versus the consensus of $2.27. IPG Photonics sees Q3 2018 revenue of $360-390 million, versus the consensus of $424.9 million.
"Book-to-bill was at 1.0 for the quarter. While orders grew slightly on a year over year basis, order flow was below our target as demand softened in Europe and China at the end of the... More
