IPG Photonics Q2 Profit Rises - Quick Facts

(RTTNews) - IPG Photonics Corporation (IPGP) reported second-quarter net income attributable to company of $48.3 million or $0.92 per share, compared to $41.7 million or $0.80 per share, last year.

On average, nine analysts polled by Thomson Reuters expected the company to report profit per share of $0.85 for the quarter. Analysts' estimates typically exclude special items. Revenue increased to $192.2 million from $168.2 million, a year ago. Analysts expected revenue of $183.28 million for the quarter.

IPG Photonics expects revenue in the range of $190 million to $205 million for the third quarter of 2014. The company anticipates earnings per share in the range of $0.88 to $1.03. Analysts expect the company to report third-quarter earnings per share of $0.94 on revenue of $196.64 million.