IPG Photonics Announces Record Second Quarter 2018 Financial Results
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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
