IPG Photonics (IPGP) Beats Q3 Earnings and Revenue Estimates

IPG Photonics (IPGP) came out with quarterly earnings of $0.29 per share, beating the Zacks Consensus Estimate of $0.17 per share. This compares to earnings of $1.16 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 70.59%. A quarter ago, it was expected that this high-powered laser maker would post earnings of $0.48 per share when it actually produced earnings of $0.45, delivering a surprise of -6.25%.Over the last four quarter ...