IPG Photonics Q2 EPS $1.31 Beats $1.24 Estimate, Sales $339.97M Miss $343.53M Estimate
Portfolio Pulse from Benzinga Newsdesk
IPG Photonics (NASDAQ:IPGP) reported Q2 earnings of $1.31 per share, beating the analyst consensus estimate of $1.24 by 5.65%. This is a 19.09% increase from the same period last year. However, the company's quarterly sales of $339.97 million missed the analyst consensus estimate of $343.53 million by 1.04%, marking a 9.83% decrease from the same period last year.
August 01, 2023 | 12:26 pm
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NEUTRAL IMPACT
IPG Photonics reported better than expected Q2 earnings but missed on sales. This mixed report could lead to volatility in the stock price.
IPG Photonics reported a strong Q2 earnings per share, beating estimates by 5.65%. This positive news could drive the stock price up. However, the company missed on sales, which could put downward pressure on the stock. The net effect is uncertain, hence a neutral score.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100