IPG: Q3 Earnings Snapshot
By AP News
Published - Oct 29, 2024, 08:23 AM ET
Last Updated - Dec 16, 2024, 05:54 PM EST
MARLBOROUGH, Mass. (AP) — MARLBOROUGH, Mass. (AP) — IPG Photonics Corp. (IPGP) on Tuesday reported a loss of $233.6 million in its third quarter.
The Marlborough, Massachusetts-based company said it had a loss of $5.33 per share. Earnings, adjusted for one-time gains and costs, came to 29 cents per share.
The high-powered laser maker posted revenue of $233.1 million in the period.
For the current quarter ending in December, IPG expects its per-share earnings to range from 5 cents to 35 cents.
