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.
Earnings
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.
Past Earnings Performance
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.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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