IPG Photonics Corp. (IPGP) Anticipates Exceeding Q4 Predictions
IPG Photonics Corp., a leading manufacturer of fiber lasers and amplifiers, announced recently its preliminary financial results for the fourth quarter that ended on December 31, 2010. The Company rose its expectations for revenues from a previously guided range of $80-$86 million to a new approximation of $100 million. IPG Photonics expects its earnings per diluted share to be in a range of $0.53-$0.56, compared to its previous expected range of $0.30-$0.35. For 2009’s fourth quarter, IPG reported sales of $54.3 million and earnings per share of $0.07. “We expect to report more than 80% year-over-year growth in revenues and…