IPG: Q3 Earnings Snapshot

MARLBOROUGH, Mass. (AP) — MARLBOROUGH, Mass. (AP) — IPG Photonics Corp. (IPGP) on Tuesday reported third-quarter earnings of $20.3 million.

The Marlborough, Massachusetts-based company said it had profit of 47 cents per share. Earnings, adjusted for one-time gains and costs, were 61 cents per share.

The results topped Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of 49 cents per share.

The high-powered laser maker posted revenue of $287.5 million in the period, which also topped Street forecasts. Five analysts surveyed by Zacks expected $282.7 million.

For the current quarter ending in December, IPG expects its per-share earnings to range from 30 cents to 60 cents.

The company said it expects revenue in the range of $265 million to $295 million for the fiscal fourth quarter.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on IPGP at https://www.zacks.com/ap/IPGP