IPG Photonics Announces First Quarter 2020 Financial Results
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IPG Photonics (IPGP) Tops Q1 EPS by 49c, Revenues Beat; Offers 2Q EPS/Revenue Guidance
May 5, 2020 8:06 AM EDTIPG Photonics (NASDAQ: IPGP) reported Q1 EPS of $0.68, $0.49 better than the analyst estimate of $0.19. Revenue for the quarter came in at $249.2 million versus the consensus estimate of $237.74 million.
Earnings Per Diluted Share of $0.68 Increased by $0.28 Due to Foreign Exchange GainsCompany Increases Share Repurchase Program by $200 Million"We delivered first quarter revenue at the high end of our guidance range on a rebound in China-based demand during March and strength in new products," said Dr. Valentin Gapontsev, IPG Photonics' Chief Executive Officer. "Our strategy in dealing with the... More
