IPG Photonics Announces Fourth Quarter 2019 Financial Results
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IPG Photonics (IPGP) Tops Q4 EPS by 11c, Offers Q1 Guidance
February 13, 2020 8:08 AM ESTIPG Photonics (NASDAQ: IPGP) reported Q4 EPS of $0.91, $0.11 better than the analyst estimate of $0.80. Revenue for the quarter came in at $306.6 million versus the consensus estimate of $287.81 million.
GUIDANCE:
IPG Photonics sees Q1 2020 EPS of $0.00-$0.30, versus the consensus of $0.84. IPG Photonics sees Q1 2020 revenue of $220-250 million, versus the consensus of $284.3 million.
"We believe we have significant long-term growth opportunities in welding, fine processing of electric vehicle batteries and our portfolio of new products addressing opportunities in microelectronics, medical, systems... More
