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More on IPG Photonics: Q1 guidance is for revenue of $145M-$155M and EPS of $0.65-$0.75 vs. a...

More on IPG Photonics: Q1 guidance is for revenue of $145M-$155M and EPS of $0.65-$0.75 vs. a consensus of $145.5M and $0.72. Q4 book-to-bill was below 1 (it was also below 1 in Q3). Gross margin was 51.8%, down 320 bps Q/Q and 200 bps Y/Y. The company says North American and Asian were healthy (was Europe weak, given the revenue miss?). R&D expenses +41% Y/Y and sales/marketing +34%, each well above revenue growth. IPGP -7.9%. CC at 10AM ET (webcast). (PR)
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