IPG: 4Q Earnings Snapshot
OXFORD, Mass. (AP) _ IPG Photonics Corp. (IPGP) on Tuesday reported fourth-quarter profit of $75.6 million.
On a per-share basis, the Oxford, Massachusetts-based company said it had net income of $1.40.
The results did not meet Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of $1.43 per share.
The high-powered laser maker posted revenue of $330.1 million in the period, which topped Street forecasts. Four analysts surveyed by Zacks expected $314.3 million.
For the year, the company reported profit of $404 million, or $7.38 per share. Revenue was reported as $1.46 billion.
For the current quarter ending in April, IPG said it expects revenue in the range of $290 million to $320 million. Analysts surveyed by Zacks had expected revenue of $331.2 million.
IPG shares have climbed 21 percent since the beginning of the year. The stock has fallen 41 percent in the last 12 months.
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