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IPG Photonics Corporation (IPGP) Soars Over 13% On Solid Q2 Results, Q3 Outlook: Hedge Funds Wary

2015-07-28 23:05:37| Electronics - Topix.net

Because of better-than-expected results for its second quarter in addition to its third quarter guidance, shares of IPG Photonics Corporation are up by more than 13% in afternoon trading. The lasers company reported earnings of $61.3 million or an adjusted earnings per share of $1.15, up by 27% and 25%, respectively, from the same quarter last year.

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Category:Electronics and Electrical

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