IPG Photonics (IPGP) Beats Q1 Earnings and Revenue Estimates

IPG Photonics (IPGP) came out with quarterly earnings of $0.31 per share, beating the Zacks Consensus Estimate of $0.21 per share. This compares to earnings of $0.52 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 47.62%. A quarter ago, it was expected that this high-powered laser maker would post earnings of $0.20 per share when it actually produced earnings of $0.18, delivering a surprise of -10%.Over the last four quarters, ...