IPG Photonics Announces Third Quarter 2020 Financial Results
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IPG Photonics (IPGP) Reports Q3 EPS Of $0.66, Revenue Beats, Offers Guidance
October 30, 2020 8:05 AM EDTIPG Photonics (NASDAQ: IPGP) reported Q3 EPS of $0.66, may not compare to the analyst estimate of $0.89. Revenue for the quarter came in at $318 million versus the consensus estimate of $304 million.
Earnings per Diluted Share of $0.66 Reduced by $0.63 due to Goodwill Impairment ChargeGUIDANCE:
IPG Photonics sees Q4 2020 EPS of $0.75-$1.05, versus the consensus of $0.89. IPG Photonics sees Q4 2020 revenue of $290-320 million, versus the consensus of $304 million.
"Bookings growth in North... More