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With laser sales increasing, IPG Photonics stock soars
2015-07-28 23:05:38| Electronics - Topix.net
Shares of Oxford-based IPG Photonics, a developer of optical fiber-based lasers, jumped 11 percent Tuesday to $91.05 apiece after the company reported a jump in sales in its most recent quarter. With demand for its laser technology increasing, IPG reported that sales for its second quarter increased 22 percent to a record $235.1 million, above analysts' estimates of $222 million.
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Category:Electronics and Electrical