The details of the earnings for IPG Photonics Corporation (IPGP) are as follows:
In the fourth quarter, IPG earned $41.43 million. This is a significant improvement when compared to the loss of $92.90 million from the same period in the previous year.
The earnings per share (EPS) in the fourth quarter are estimated at $0.89, as opposed to a loss of $1.91 during the same period in the previous year. Forecasts by analysts expected the EPS to be $0.95.
As for the revenue, the fourth quarter saw a total of $298.89 million. When compared to the $333.54 million from the same period in the previous year, there was a slight decrease.
