IPG Photonics Expects Q3 Revenue Of $210M-$240M Vs $258.96M Est, EPS Of $0.00-$0.30 Vs $0.51 Est
Portfolio Pulse from Benzinga Newsdesk
IPG Photonics has provided guidance for Q3 2024, expecting revenue between $210M and $240M, which is below the estimated $258.96M. The company also anticipates EPS in the range of $0.00 to $0.30, compared to the estimated $0.51.
July 30, 2024 | 12:04 pm
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IPG Photonics has issued lower-than-expected guidance for Q3 2024, with revenue projected between $210M and $240M, and EPS between $0.00 and $0.30. This is below the market estimates of $258.96M for revenue and $0.51 for EPS.
The guidance provided by IPG Photonics for Q3 2024 is significantly below market expectations for both revenue and EPS. This is likely to negatively impact the stock price in the short term as investors react to the lower-than-expected financial outlook.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100