More on IPG Photonics' Q2: The industrial laser vendor is guiding for Q3 revenue of $145M-$155M...

|About: IPG Photonics Corporation (IPGP)|By:, SA News Editor

More on IPG Photonics' Q2: The industrial laser vendor is guiding for Q3 revenue of $145M-$155M and EPS of $0.74-$0.84, above a consensus of $143.9M and $0.72. The Q2 beat was fueled by a 16% Y/Y increase in sales for materials processing applications such as cutting and welding, and healthy performance in trouble spots such as Europe and China. CC at 10AM ET (webcast). IPGP +12.3%. (PR)