IPG Photonics Corporation (NASDAQ:IPGP) manufacturer of high-performance fiber lasers, is expected to report third quarter earnings results, before market open, on Friday 30th October 2020.
Analysts polled by Thomson Reuters anticipate third quarter income of $ 0.89 per share.
Looking ahead, the full year income are expected at $ 3.25 per share on the revenues of $ 1160.46 million.
The Company Outlook
Earnings for 3Q20 are anticipated in a range of $ 0.70 ~ $ 1.00 per share, while revenues are expected in a range of $ 280.00 million ~ $ 310.00 million
Click Here For More Historical Outlooks Of IPG Photonics Corporation
Previous Quarter Performance
IPG Photonics Corporation unfold income for the second quarter of $ 0.91 per share, from the revenue of $ 296.41 million. The quarterly earnings declined 32.09 percent while revenues contracted 16.00 percent compared with the same quarter last year.
According to street consensus, IPGP was expected to report 2Q20 income of $ 0.60 per share from revenue of $ 280.49 million. The bottom line results beat street analysts by $ 0.31 or 51.67 percent, at the same time, top line results outshined analysts by $ 15.92 million or 5.68 percent.
Stock Performance
Shares of IPG Photonics Corporation traded up $ 1.66 or 0.90 percent on Thursday, reaching $ 187.05 with volume of 473.20 thousand shares. IPG Photonics Corporation has traded high as $ 188.41 and has cracked $ 183.44 on the downward trend
According to the previous trading day, closing price of $ 187.05, representing a 89.10 % increase from the 52 week low of $ 98.04 and a 8.49 % decrease over the 52 week high of $ 202.58.
The company has a market capital of $ 9.96 billion and is part of the Technology sector and Semiconductor Equipment & Materials industry.
Conference Call
IPG Photonics Corporation will be hosting a conference call at 10:00 AM eastern time on 30th October 2020, to discuss its 3Q20 financial results with the investment community. A live webcast with presentations will be available on the Internet by visiting the Company website www.ipgphotonics.com
IPG Photonics Corporation develops and manufactures a range of high-performance fiber lasers, fiber amplifiers, and diode lasers used in various applications primarily in materials processing worldwide. The companys laser products include low, medium, and high power lasers; fiber pigtailed packaged diodes and fiber coupled direct diode laser systems; high-energy pulsed lasers, multi-wavelength and tunable lasers, and single-polarization and single-frequency lasers; laser diode chips and packaged laser diodes; and high power optical fiber delivery cables, fiber couplers, beam switches, chillers, scanners, and other accessories. It also provides erbium-doped fiber and Raman amplifiers, and integrated communications systems, which are deployed in broadband networks, such as fiber to the home, fiber to the curb, passive optical networks, and dense wavelength division multiplexing (DWDM) networks; ytterbium and thulium specialty fiber amplifiers and broadband light sources; and single-frequency, linearly polarized, and polarization-maintaining versions of its amplifier products.
