Recap: IPG Photonics Q3 Earnings

IPG Photonics IPGP reported its Q3 earnings results on Tuesday, November 1, 2022 at 08:00 AM.

Here's what investors need to know about the announcement.

IPG Photonics beat estimated earnings by 26.72%, reporting an EPS of $1.47 versus an estimate of $1.16.

Revenue was down $30.14 million from the same period last year.

Last quarter the company missed on EPS by $0.04 which was followed by a 0.76% increase in the share price the next day.

Here's a look at IPG Photonics's past performance:

Quarter	Q2 2022	Q1 2022	Q4 2021	Q3 2021
EPS Estimate	1.14	0.98	1.19	1.27
EPS Actual	1.10	1.31	1.21	1.40
Revenue Estimate	375.33M	334.79M	353.41M	368.26M
Revenue Actual	377.02M	369.98M	364.47M	379.15M

To track all earnings releases for IPG Photonics visit their earnings calendar here.

This article was generated by Benzinga's automated content engine and reviewed by an editor.

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